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3. What is not true with respect to various versions of the quantity theory? A. In the Fisher version money is an asset whereas in
3. What is not true with respect to various versions of the quantity theory? A. In the Fisher version money is an asset whereas in the Cambridge version it is primarily a medium of exchange. B. The Fisher version is a tautological identity while the Cambridge version allows us to make s distinction between actual and desired cash holdings. C. In the Fisher version, the left side of the equation is the money transfer side and the right side is the goods and services transfer side. D. The Income version excludes the value of all intermediate transactions from the income circuit E. Increasing the quantity of money (ceteris paribus) leads to the decrease in its value in all three versions
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