The Equation of Exchange Indicates That

question 41

Multiple Choice

The equation of exchange indicates that:

• A) MV = PQ.
• B) other things equal,an increase in the demand for money will increase P and/or Q.
• C) the velocity and the supply of money vary directly with one another.
• D) MP = VQ.

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Definitions:

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The practice of changing from one mode of speech to another as the situation demands, whether from one language to another or from one dialect of a language to another.

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