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 87 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
Great answer, keep it coming :)

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic. Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
A particle (q = -4.0 mC, m = 5.0 mg) moves in a uniform magnetic field with a velocity having a ... A particle (q = -4.0 mC, m = 5.0 mg) moves in a uniform magnetic field with a velocity having a ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library