Which of the following is consistent with the equation of exchange?
A) Total spending must equal the total sales revenues of business firms.
B) The money supply multiplied by velocity must equal GDP.
C) The money supply multiplied by velocity must equal the price level times Real GDP.
D) a and b
E) a, b and c
E
Economics
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Cyclical unemployment is
A) the total of structural and frictional unemployment. B) created by a recession. C) part of frictional unemployment. D) higher when the economy is expanding. E) always greater than the total of structural and frictional unemployment.
Economics
The sum of the current, capital and official settlements accounts is always zero
Indicate whether the statement is true or false
Economics