Author Question: If M stand for the money supply, V for the velocity of money, P for the average selling price, and Q ... (Read 42 times)

leo leo · **on:** Jun 30, 2018

If M stand for the money supply, V for the velocity of money, P for the average selling price, and Q for the output of goods and services, the equation of exchange is MV = PQ.
a. True
b. False
Indicate whether the statement is true or false

Question 2

To be counted as unemployed, a person must be looking for a job.
a. True
b. False
Indicate whether the statement is true or false