Question

According to the quantity theory of money, ultimate control over the rate of inflation in the United States is exercised by:

A. private citizens.
B. the Fed.
C. the U.S. Treasury.
D. the Organization of Petroleum Exporting Countries (OPEC).

Answer 1

The Federal Reserve

Step-by-step explanation:

According to the quantity theory of money, ultimate control over the rate of inflation in the United States is exercised by the Federal Reserve