7. Based on the equation of exchange, the money supply in the economy is calculated as a....

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7. Based on the equation of exchange, the money supply in the economy is calculated as

a. M ¼ V/PQ.

b. M ¼ V(PQ).

c. MV ¼ PQ.

d. M ¼ PQ  V.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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