From the Equation of Exchange,if Both Real Income (Y)and the Quantity

question 70

Multiple Choice

From the equation of exchange,if both real income (Y) and the quantity of money (M) double and the price level (P) remains constant,then velocity (V) ________ and nominal income ________.

• A)remains constant;doubles
• B)doubles;remains constant
• C)doubles;doubles
• D)decreases by 50 percent;quadruples
• E)none of the above

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Definitions:

Binge-purge Cycles

Patterns of behavior in eating disorders where excessive eating episodes are followed by efforts to avoid weight gain using methods such as vomiting or excessive exercise.

Nutrients

Substances obtained from food and used by our bodies for energy, growth, and maintenance of health.

Carbohydrates

Organic compounds, including sugars, starches, and fiber, that are major sources of energy in the diet.

Fats

A group of natural esters of glycerol and various fatty acids, which are a major source of energy in the diet.