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Let M = Money Supply; P = Price Level; V

Question 94

Multiple Choice

Let M = money supply; P = price level; V = velocity; Y = real GDP. The equation of exchange is given by:

A) M * P = V *Y.
B) M * V = P * Y.
C) M * Y = P * V.
D) M * V = (1/ P) * Y.

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