Assume That Velocity Is Constant in the Long Run

question 21

Multiple Choice

Assume that velocity is constant in the long run. Which of the following equations correctly describes the quantity equation in terms of percentage rate of change? ∆ means "change in."

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