The Equation of Exchange Indicates That
A) MV = PQ $P \text { and/or } Q \text {. }$

question 27

Multiple Choice

The equation of exchange indicates that

• A) MV = PQ.
• B) other things equal, an increase in the demand for money will increase \(P \text { and/or } Q \text {. }\)
• C) the velocity and the supply of money vary directly with one another.
• D) MP = VQ.

---

Definitions:

Fundamental Codes

Basic principles or systems of rules that form the foundation of a particular area or discipline; can also refer to essential codes used in computer programming languages.

Wide Range Achievement Test 4

The fourth edition of a standardized test designed to assess reading, spelling, and math skills in individuals from kindergarten through to adulthood.

Basic Codes

Fundamental guidelines or rules that form the foundation of coding systems, programming, or other structured frameworks.

Educational Ability

The level of skill or proficiency one possesses in academic or instructional domains.