According to the equation of exchange, the

A) quantity of money divided by the inflation rate equals real GDP.
B) quantity of money minus the velocity of circulation equals real GDP minus the price level.
C) quantity of money multiplied by the velocity of circulation equals nominal GDP.
D) velocity of circulation is always smaller than the inflation rate.
E) quantity of money multiplied by the inflation rate equals nominal GDP.


C

Economics

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Exhibit 16-4 Marginal tax rate lines ? In Exhibit 16-4, line C represents a(n):

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