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Author Question: If M = quantity of money, V = velocity of money, P = price level, and Q = the quantity of output, ... (Read 180 times)

shenderson6

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on: Jun 30, 2018
If M = quantity of money, V = velocity of money, P = price level, and Q = the quantity of output, then the equation of exchange will be defined as:
 a. MV = PQ
  b. MQ = PV
  c. MP = VQ
  d. MV = P/Q
  e. MQ = V/P

Question 2

If market demand decreases and market supply increases, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____.
 a. indeterminate; decrease
  b. indeterminate; increase
  c. decrease; indeterminate
  d. increase; indeterminate


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mmpiza

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


shenderson6

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

milbourne11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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