The Quantity Theory of Money states that money supply times the velocity of money is equal to:

Name: The Quantity Theory of Money states that money supply times the velocity of money is equal to:
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Question

Quizplus · Accepted Answer

The Quantity Theory of Money is often represented by the equation MV = PQ, where M is the money supply, V is the velocity of money, P is the price level, and Q is the quantity of goods and services produced (output). PQ together represents Nominal GDP, making C the correct answer.

The Quantity Theory of Money States That Money Supply Times