Which of the following expresses the equation of exchange?
A. MP = VY
B. MV = PY
C. MV = Y
D. MY = PV
Answer: B
You might also like to view...
Which of the following is the most likely cause of a recession according to the real business cycle model?
a. an unanticipated change in the money supply. b. an increase in taxation, government spending, and regulation. c. a fall in expected profits. d. an anticipated change in the money supply. e. none of the above.
A horizontal line has an infinite slope
a. True b. False Indicate whether the statement is true or false
If a country's population growth rate exceeds the growth rate in its GDP, which of the following is true?
a. Per capita GDP is rising. b. Per capita GDP is not changing. c. Per capita GDP is falling. d. None of the above.
Some economists have found that U.S. imports of Chinese goods and resources
A) lower the price of goods for U.S. consumers. B) lower the cost of inputs for U.S. firms. C) increase the variety of products in U.S. markets. D) may enhance productivity of U.S. firms. E) all of the above