Question
Which of the following statements is NOT correct in the
context of quantity theory of money?Solution
According to the quantity theory of money, the quantity of money available determines the price level in the economy and the growth rate in the quantity of money available determines the inflation rate in the economy. Moreover, because money is neutral, the economy’s output is determined by factor supplies and technology . However, it is not necessary for the velocity of money to increase with the increase in the quantity of money.
Who emerged as the overall winner of the fourth edition of the Khelo India Winter Games?
The ICCW service empowers bank customers who are active on UPI to conveniently withdraw cash from Bank ATMs designated for UPI-ATM - ICCW transactions, ...
What is the name of India’s indigenous Counter-Drone System developed with BEL?
Which country launched the Miura-1 rocket, marking Europe's first fully private rocket launch?
India has gifted indigenously built missile corvette 'INS Kirpan' to which country?
Who has become the first Indian to be named the 'Best Asian Under-20 Male Athlete of the Year'?
Higher Education Financing Agency (HEFA) is a joint venture of the Ministry of Education and which of the following banks?
How many new species were added to the faunal stock of Munnar's wildlife division following a recent survey?
Infrastructure investment trusts (InvITs) are regulated under which regulatory body?
Reliance General Insurance has raised _________ by issuing shares to parent Reliance Capital, which will help the company accelerate growth & aims to ex...
