The V in the equation of exchange represents the:
A) variation in the GDP.
B) variation in the CPI.
C) variation in real GDP.
D) average number of times per year a dollar is spent on final goods and services.
Correct Answer:
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Q4: The velocity of money is
A) money supply
Q64: If the money supply is $250 billion
Q68: If nominal GDP is $7 trillion, and
Q71: According to the quantity theory of money,
Q76: According to classical economists,
A) prices are rigid.
B)
Q168: The number of times per year each
Q170: According to the quantity theory of money:
A)
Q172: Since classical economists believe that both V
Q174: The velocity of money is the:
A) number
Q178: The average number of times per year
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