The quantity theory of money is based on the formula that
A) V = P*Y*Ms.
B) Y = P*V/Ms.
C) Ms= P*V/Y.
D) P = Ms*V/Y.
D
Economics
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In a three-player game, a Nash equilibrium exists when all players are playing their best response to one another
Indicate whether the statement is true or false
Economics
When a country fixes the price of foreign exchange (in terms of the domestic currency) below equilibrium, which of the following will result?
a. A black market will develop for foreign exchange. b. Residents of that country can buy as much foreign currency as they want. c. There will be a surplus of foreign exchange. d. A depreciation of the currency will restore equilibrium in the foreign exchange market.
Economics