According to the Equation of Exchange, the

Multiple Choice

According to the equation of exchange, the

A) quantity of money multiplied by the inflation rate equals nominal GDP.
B) velocity of circulation is always smaller than the inflation rate.
C) quantity of money divided by the inflation rate equals real GDP.
D) quantity of money multiplied by the velocity of circulation equals nominal GDP.
E) quantity of money minus the velocity of circulation equals real GDP minus the price level.