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    Exam 17: Macroeconomic Policy I: Monetary Policy
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    If M Stands for the Money Supply, V for the Velocity
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If M Stands for the Money Supply, V for the Velocity

Question 79

Question 79

True/False

If M stands for the money supply, V for the velocity of money, P for the average selling price, and Q for the output of goods and services, the equation of exchange is MV = PQ.

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