Using the Equation of Exchange, If Velocity Is Stable in the Long

question 51

Multiple Choice

Using the equation of exchange, if velocity is stable in the long run, the inflation rate, (%∆P) Jcan be expressed as

• A) %∆P = %∆M ÷ %∆Y
• B) %∆P = %∆M + %∆Y
• C) %∆P = %∆M *%∆Y
• D) %∆P = %∆M - %∆Y

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