In the equation of exchange:
A) M = marginal revenue,V = velocity of trade. P = price level,T = trade value
B) M = money,V = volume of trade,P = price level,T = Time value of money
C) M = market yield,V = variability of circumstances,P = population growth, T time value of money
D) M = money supply,T = velocity of circulation,P = general price level,T = volume of trade
Correct Answer:
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Q10: Other things being equal,the greater the rate
Q11: Market segmentation:
A) means there are two (or
Q12: The Equation of Exchange (Irving Fisher)is:
A) MV
Q13: The price-anticipation effect on interest rates:
A) reflects
Q14: The income effect comes into play when:
A)
Q15: Default risk:
A) is the risk the bond
Q16: Velocity of circulation refers to:
A) how fast
Q18: Economists agree:
A) inflation stops growing after it
Q19: Liquidity,income,and price-anticipation effects:
A) are related to the
Q20: The line of causation: of money> inflation>
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