The Equation of Exchange States That the Relationship Among the Money

question 14

Multiple Choice

The equation of exchange states that the relationship among the money supply (M) ,the price level (P) ,the velocity of money (V) and real output (Y) is

• A) MP = VY
• B) M/P = YV
• C) PV = MY
• D) MV = PY
• E) Y/V = MP

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