According to the Equation of Exchange,if GDP Equals $4 Trillion

question 104

Multiple Choice

According to the equation of exchange,if GDP equals $4 trillion and the money supply equals $1 trillion,the velocity of money

• A)must be 0.25.
• B)must be 4.
• C)must be 0.25 trillion.
• D)must be 4 trillion.
• E)cannot be determined without knowing what the price level is.

---

Definitions:

Political Affiliation

An individual's or group's identification with or support for a particular political party or ideology.

NDP

Stands for New Democratic Party, a social democratic political party in Canada.

Light Smoker

A smoker who consumes a relatively small number of cigarettes or tobacco products compared to the average smoker.

Asthma Sufferers

Individuals who experience asthma, a respiratory condition marked by difficulty in breathing due to inflamed airways.