The equation of exchange is
A) an assumption that is not always true.
B) true in the short run but not always in the long run.
C) an accounting identity and therefore is always true.
D) a theory developed at the Federal Reserve.
C
Economics
You might also like to view...
Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. The United States has a comparative advantage in producing
A) food. B) clothing. C) food and clothing. D) neither good.
Economics
In 2005, General Motors announced a 20% reduction in its staffing levels and the closure of many assembly plants. Those laid off as a result would likely be classified as
A. cyclically unemployed. B. seasonally unemployed. C. frictionally unemployed. D. structurally unemployed.
Economics