The quantity equation states that
A) M + V = P + Y.
B) the money supply (M) divided by the velocity of money (V) equals the price level (P) divided by real output (Y), i.e., M/V = P/Y.
C) M × V = P × Y.
D) M - V = P - Y.
C
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a.
1
b.
2
c.
3
d.
4
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