The quantity theory's predictions of inflation are: A. slightly better in the short run than they are
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Question:
The quantity theory's predictions of inflation are:
A. slightly better in the short run than they are over longer periods.
B. considerably better over the long run than they are over short periods.
C. equally accurate over the short-, medium-, and long-term time frames.
D. generally very poor, regardless of the time frame under consideration.
What is quantity theory and its importance? At least three sentences. Please avoid plagiarism
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