The quantity theory of money states that a reduction in the quantity of money in circulation would bring about?

By: |Published on: May 26|Categories: Economics WAEC| 0 comments

A. a geometrical fall in prices
B. a proportionate fall in prices
C. a rise in prices
D. an unequal fall in prices

Correct Answer: Option B

B. a proportionate fall in prices

Users Also Read These:

SEE ALSO  Abubakar has the choice of buying either a house ruining cost. If he decides to buy the Mercedes Benz car, his opportunity cost is?

Copyright warnings! Do not copy.