Which is the most accurate statement?
A) The quantity theory of money and the equation of exchange are two ways of saying exactly the same thing.
B) The crude quantity theory of money very accurately describes the relation between the money supply and the price level.
C) According to the crude quantity theory,Q and V are constants.
D) One of our main economic problems has been that the equation of exchange has not been balanceD.
Correct Answer:
Verified
Q146: According to the equation of exchange
A)when M
Q147: The output of our economy is represented
Q148: The modern monetarists believe that
A)V is very
Q149: According to the crude quantity theory of
Q150: If the price level P equals 1.50,GDP
Q152: The velocity of money measures the
A)proportion of
Q153: If P = 12,V = 6,and M
Q154: Real GDP is the same as
A)M.
B)V.
C)P.
D)Q.
Q155: If MV rises from 180 to 270,
A)PQ
Q156: Which equation is incorrect?
A)MV = GDP
B)PQ =
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