The Equation of Exchange Always Holds Because

question 23

Multiple Choice

The equation of exchange always holds because

• A) the quantity of money is determined by the amount of spending on goods and services.
• B) the quantity of money dictates the size of nominal GDP, since money is a social usage.
• C) the number of times money is spent to obtain goods and services measures total spending on GDP.
• D) MV measures total spending on GDP and PY also measures of total spending on GDP.

Perform hypothesis testing on population proportions.

Interpret confidence intervals and their widths in different scenarios.

Understand the concept and application of hypothesis testing with P-values.

Estimate population proportions with plus four confidence interval method.