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The quantity theory of money: A.describes the general relationship between money, velocity, real output, and prices. B.explains the equilibrium between money supply and money demand.

The quantity theory of money:

A.describes the general relationship between money, velocity, real output, and prices.

B.explains the equilibrium between money supply and money demand.

C.presents the critical roles of money demand in regulating the level of prices.

D.derives the optimal quantity of inflation.

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