Solved

The Equation of Exchange States That the Quantity of Money

Question 88

Multiple Choice

The equation of exchange states that the quantity of money


A) multiplied by nominal GDP equals the price level.
B) divided by nominal GDP equals real GDP.
C) multiplied by the velocity of circulation equals nominal GDP.
D) divided by price level equals real GDP.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions