The equation of exchange is a(n)
a. identity relating the volume of transactions at current prices to the stock of money times the turnover rate of each dollar.
b. "truism" and by itself does not explain the variables it contains.
c. identity relating the volume of transactions at base year prices to the stock of money times the turnover rate of each dollar.
d. Both a and b
e. Both b and c
D
Economics
You might also like to view...
The major beneficiaries from the elimination of a tariff on a product are the:
A. Foreign consumers of the product B. Domestic producers of the product C. Domestic consumers of the product D. Domestic workers in industries producing the product
Economics
Since 1990 the highest economic growth rates in the world have occurred in
A. The United States. B. Nigeria. C. India. D. China.
Economics