Which of the Following Is Consistent with the Equation of Exchange

question 97

Multiple Choice

Which of the following is consistent with the equation of exchange?

• A) Total spending must equal the total sales revenues of business firms.
• B) The money supply multiplied by velocity must equal GDP.
• C) The money supply multiplied by velocity must equal the price level times Real GDP.
• D) a and b
• E) a,b and c

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Definitions:

Black Beans

A type of legume that is widely consumed around the world, known for its nutritional value and versatility in various cuisines.

Bell Peppers

Edible fruits from the Capsicum genus, commonly used in cooking for their sweet and mild flavor.

Budget Constraint

A financial limitation representing the combination of goods and services that a consumer can afford with their available budget.

DVD

A type of disc storage format that can store any kind of digital data and is used for software and other computer files as well as video programs watched using DVD players.