The equation of exchange is a(n) a. identity relating the ...

[Starlight]

The equation of exchange is a(n)
 
  a. identity relating the volume of transactions at current prices to the stock of money times the turnover rate of each dollar.
  b. truism and by itself does not explain the variables it contains.
  c. identity relating the volume of transactions at base year prices to the stock of money times the turnover rate of each dollar.
  d. Both a and b
  e. Both b and c

Question 2

On the eve of the American Revolution, the majority of colonists were naturally born in the colonies rather than immigrants from elsewhere.
 
  Indicate whether the statement is true or false

[Moriaki]

Answer to Question 1

D

Answer to Question 2

True

[Starlight]

Thanks for the timely response, appreciate it

[softEldritch]

Gracias!