In order to consider the equation of exchange an economic model, what must we assume?
A) Real GDP is a constant value.
B) Changes in GDP cause changes in the money supply.
C) The money supply is constant.
D) Changes in velocity are small and predictable.
Correct Answer:
Verified
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A)speed at
Q57: The equation of exchange is written as
A)M
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A)the
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Q66: The quantity theory of money assumes that
A)velocity
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