If M Stands for the Money Supply, V for the Velocity

question 128

Multiple Choice

If M stands for the money supply, V for the velocity of money, P for the average selling price, and Q for the output of goods and services, the equation of exchange is:

• A) MP = VQ.
• B) MV = PQ.
• C) MQ = VP.
• D) MP = PQ.

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