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The Equation of Exchange Indicates That
A) MV = PQ P and/or Q. P \text { and/or } Q \text {. }

Question 27

Multiple Choice

The equation of exchange indicates that


A) MV = PQ.
B) other things equal, an increase in the demand for money will increase P and/or Q. P \text { and/or } Q \text {. }
C) the velocity and the supply of money vary directly with one another.
D) MP = VQ.

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