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With MS = Supply of Money, V = Velocity of Money

Question 18

Multiple Choice

With MS = supply of money, V = velocity of money, P = price level, and Y = real output,Which one of the following indicates the quantity theory of money expression?


A) MSY = PV
B) MSP = VY
C) MS = PY - V
D) MSV = PY

Correct Answer:

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