According to the Equation of Exchange

question 61

Multiple Choice

According to the equation of exchange,

• A)The right-hand side will equal the left-hand side only if velocity does not change from year to year
• B)Velocity must be constant
• C)An increase in the quantity of money will lead to an increase in the price level,other things constant
• D)Prices cannot change
• E)All of the above

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