JAMB Economics 2008 Objective — Question 28

Question 28 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.

The theoretical relationship between money supply and prices is weakened by changes in the

A. money supply
B. general price level
C. velocity of moneyCorrect
D. interest rate

Explanation

The theoretical relationship between money supply and prices is weakened by changes in the velocity of money.

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