The Equation of Exchange Is a Formula Indicating That the Number

Multiple Choice

The equation of exchange is a formula indicating that the number of monetary units times

A) the number of times each monetary unit is spent on final goods and services is identical to the price level times real GDP.
B) the price level is identical to the number of times each monetary unit is spent on final goods and services times real GDP.
C) real GDP is identical to the price level times the number of times each monetary unit is spent on final goods and services.
D) nominal GDP is identical to the price level times the number of times each monetary unit is spent on final goods and services.