If real output and velocity are stable and predictable, then the equation of exchange can be used to derive a simple relationship between:
a. the money supply and the price level
b. the money supply and the interest rate.
c. the money supply and the foreign exchange rate.
d. unemployment and aggregate demand.
e. unemployment and nominal GDP.
a
Economics
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When comparing the velocity of M2 (V2), with the velocity of M1 (V1), the evidence suggests that V2 has been __________ and V1 has been __________ over time
A) relatively predictable; relatively predictable B) relatively predictable; relatively unpredictable C) relatively unpredictable; relatively predictable D) relatively unpredictable; relatively unpredictable
Economics
Because personal tastes differ, what are substitutes for one person need not be substitutes for another person
a. True b. False Indicate whether the statement is true or false
Economics