If the equation of exchange is MV = PY the Y represents:
A) Nominal GDP
B) Real GDP
C) Potential output
D) Economic growth
Correct Answer:
Verified
Q2: Economic researchers have found:
A)No examples of countries
Q3: History proves that:
A)Countries with low rates of
Q4: Over the long run if central banks
Q5: If M2 is four times larger than
Q6: For many of the countries that made
Q7: If M = the money supply; Y
Q8: Consider the following ratio: the average annual
Q9: Which of the following expresses the equation
Q10: Consider the following ratio: the average annual
Q11: The velocity of money increases if:
A)Each unit
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