The equation of exchange always holds because
A. the quantity of money is determined by the amount of spending on goods and services.
B. the quantity of money dictates the size of nominal GDP, since money is a social usage.
C. MV measures total spending on GDP and PY also measures of total spending on GDP.
D. the number of times money is spent to obtain goods and services measures total spending on GDP.
Answer: C. MV measures total spending on GDP and PY also measures of total spending on GDP.
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Fill in the blank(s) with the appropriate word(s).
What is the difference between the demand curve for a resource under pure competition and under imperfect competition?
What will be an ideal response?