Question
According to the Quantity Theory of Money (QTM), what is
the effect of a change in the velocity of money on the price level in the long run?Solution
According to the Quantity Theory of Money (QTM), a permanent change in velocity leads to a proportional change in the price level in the long run. The QTM states that MV=PY, where M is money supply, V is velocity, P is price level, and Y is real output. Assuming Y is fixed at full employment and M is stable, changes in V directly impact P.
All India Soil Survey and Land Use Organization was established in:
Weed seeds which are difficult to separate out once mixed with crop seeds are known as
The main objective of intercropping is to
Which one of the following pairs is not correctly matched
For 2024-25 marketing season, the MSP for Wheat is Rs.___
Which statement is not true about aquaporins?
How many person days were generated under MGNREGS in FY 2023-24?
As per the principle of crop rotation, pulses should be included in crop rotation as
Country which is pioneer in hybrid rice is :
A combination of many taxonomic unit like soil series phase or type is called:
