Which of the following correctly gives us the equation of exchange?
a. TR = PQ.
b. MV = VM.
c. MV = PQ.
d. TR = VM.
c
Economics
You might also like to view...
Suppose the paper industry is in long-run competitive equilibrium and the demand for paper increases. If the industry has external diseconomies of scale, what will happen to the price of paper in the long run?
What will be an ideal response?
Economics
If an individual makes her investment decisions based solely on the Net Present Value criterion, one can conclude that she is
A) risk averse. B) risk neutral. C) risk loving. D) extremely wealthy.
Economics