Answer:
Kindly check explanation
Explanation:
The quantity theory generally represented by the formula:
MV = PT
Where ;
M, money supply, that is monet in the economy
V, velocity of money, which shows the rate at which money is used to obtain a finished product.
P ; average price level
T ; volume of transactions, good and services transacted in. the economy
The quantity theory explains how variation in the quantity of money in circulation within an economy causes variation in the price level of goods and services.
B.)
From the money quantity theory, we can observe a proportional relationship between quantity of money supply and the price level of goods. With more money in circulation, people are able to increase their demand for goods and services. Increase demand drives prices Hence, causing inflation.
Hello. Unfortunately, you did not submit the excerpt that the question refers to. This makes it impossible for me to show you the correct answer. However, I will try to help you as best I can.
The only way to answer this question is to read the excerpt it is related to. As this excerpt is not available to me, it is you who will need to read it. When reading the excerpt, you need to identify which textual element is being highlighted to convey something about the text. If the element being highlighted is a dialog, your answer is the first option. If the element being highlighted is the characterization of a character, your answer is the second option. If the element being highlighted is a sequence of successive events, the third option is your answer. If the element being highlighted is the setting, the fourth option is your answer.
B. was is the being verb.
