What Is the Equation of Exchange

question 37

Multiple Choice

What is the equation of exchange?  

• A) money in circulation × prices = velocity × income 
• B) money in circulation × income = velocity × prices 
• C) real GDP = money in circulation × velocity 
• D) nominal GDP = money in circulation × velocity

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Definitions:

Extinctions

The process through which species cease to exist or become extinct.

Coral Reefs

Coral Reefs are diverse underwater ecosystems held together by calcium carbonate structures secreted by corals, home to numerous species of plants, animals, and microbes.

Species Native

Refers to species that occur naturally in a given area or habitat without human introduction.

Zebra Mussels

Invasive freshwater mussels native to Eurasia, known for their rapid population growth and detrimental impacts on water infrastructure and native ecosystems.