In the Equation of Exchange,the Money Supply Multiplied by Velocity

question 85

Multiple Choice

In the equation of exchange,the money supply multiplied by velocity equals

• A) GDP.
• B) the price level.
• C) the quantity of goods produced.
• D) the average number of times that a dollar is used to purchase a final good or service.

---

Definitions:

Absolute Dating

A method of determining the age of an object or material, often by measuring the decay of radioisotopes.

Radioisotopes

Isotopes of elements that are radioactive, undergoing decay and emitting radiation in the process.

Fossil

Any past evidence of an organism that has been preserved in the Earth’s crust.