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    Principles of Economics Study Set 6
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    Exam 31: Macro Inflation and Unemployment
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    In the Equation of Exchange, If Velocity Is Stable in the Long
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In the Equation of Exchange, If Velocity Is Stable in the Long

Question 1

Question 1

Multiple Choice

In the equation of exchange, if velocity is stable in the long run,


A) %∆V = 0.
B) %∆V = 1.
C) %∆V is a positive constant value > 0.
D) %∆V = infinity.

Correct Answer:

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