Which of the Following Is NOT True of the Equation

question 616

Multiple Choice

Which of the following is NOT true of the equation of exchange?

• A) It is part of the quantity theory of money.
• B) It uses the concept of the velocity of circulation.
• C) It is a short- run theory.
• D) It indicates that inflation is strongly correlated with the growth rate of the money supply.

---

Definitions:

Alternative Hypothesis

In statistical testing, the hypothesis that proposes a difference or effect, contrary to the null hypothesis, suggesting that observations are the result of a real effect.

P-value

In hypothesis testing, the probability of obtaining test results at least as extreme as the results observed, assuming the null hypothesis is true.

Statistical Table

A statistical table organizes and displays data in columns and rows, making it easier to interpret sets of statistical information.

Frozen TV Dinner

A prepackaged meal that requires heating before eating, often stored in the freezer section of grocery stores.