The Equation of Exchange ________

question 45

Multiple Choice

The equation of exchange ________.

• A)states that the quantity of money multiplied by velocity must equal nominal income in a given year
• B)describes a relationship that is true by definition
• C)shows that real GDP must equal real money balances times the number of times a dollar turns over in a year
• D)all of the above
• E)none of the above

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Definitions:

Secure

To make something safe from threats or to ensure its safety.

Independent Clauses

Sentences or clause types that can stand alone as a complete thought because they have both a subject and a predicate.

Compound Sentence

A sentence that contains at least two independent clauses, often joined by a conjunction or punctuation.

Annotate

To add explanatory notes or comments to a text or diagram, often used for clarification or to provide additional information.