If M stands for the money supply, V for the velocity of money, P for the average selling price, and Q for the output of goods and services, the equation of exchange is:

a. MP = VQ.
b. MV = PQ.
c. MQ = VP.
d. MP = PQ.

b

Economics

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The LM curve will shift to the right if

A. the interest rate decreases. B. the money demand increases. C. the average price level decreases. D. the money supply decreases.

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Among the criteria used for identifying priority contaminants is that

a. the pollutant must occur in a private water system b. thecontaminant might have a negative effect on the ecology c. the pollutant must be a microorganism d. the contaminant may have an adverse effect on human health e. none of the above

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