The equation of exchange states that the relationship among the money supply (M), the price level (P), the velocity of money (V) and real output (Y) is
a) MP = VY
b) M/P = YV
c) PV = MY
d) MV = PY
e) Y/V = MP
d) MV = PY
Economics
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Which of the following economic indicators is used by the World Bank to classify countries as industrial or emerging economies?
a. GDP b. Rate of inflation c. Net exports d. Per capita income e. Budget deficits
Economics
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Economics