This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If M = quantity of money, V = velocity of money, P = price level, and Q = the quantity of output, ... (Read 89 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


shenderson6

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
:D TYSM

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Substrate–level phosphorylation. Substrate–level phosphorylation.
Level II HCPCs Codes Level II HCPCs Codes
Mechanisms of pain at the nociceptor level. Mechanisms of pain at the nociceptor level.
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
The Effects of a Spinal Cord Injury by Spinal Level The Effects of a Spinal Cord Injury by Spinal Level
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library