The quantity theory of money is a theory of how O A. the nominal value of aggregate income is determined. O B. the money supply is determined. C. the real value of aggregate income is determined. interest rates are determined. According to the quantity theory of money demand, O A. an increase in interest rates will cause the demand for money to fall. O B. interest rates have no effect on the demand for money. OC. an increase in money will cause the demand for money to fall. OD. a decrease in interest rates will cause the demand for money to increase. quantity theory of money suggests that the demand for money is purely a function of income, and interest rates have no effect on the demand for money. CH O A Friedman's B. Fisher's OC. Tobin's OD Keynes's Empirical evidence shows that the quantity theory of money is a good theory of inflation O A. in the long run, but not in the short run. OB. in the short run, but not in the longrun. O C. in both the long run and the short run. D. not in either the long run nor the short run