The quantity theory of money assumes that the velocity of money a. is constant. b. will rise if the money supply rises and fall if the money supply falls. c. will rise if the money supply rises, but...

The quantity theory of money assumes that the

velocity of money

a. is constant.

b. will rise if the money supply rises and fall if the

money supply falls.

c. will rise if the money supply rises, but it will not

change if the money supply falls.

d. will fall if the money supply rises, and it will rise

if the money supply falls.