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inysia [295]
2 years ago
11

The equation of exchange, M×V=P×Q , relates to the quantity theory of money. In this equation, M represents the supply of money,

V represents the velocity of money, P represents the price level, and Q is real output.
Which of the statements describes an implication of this equation in the long run?

Money supply increases (ΔM) will directly increase real GDP.

Changes in the money supply (ΔM) will balance out with changes in prices (ΔP) .

Changes in the money supply (ΔM) will balance out with changes in velocity (ΔV) .

Both money supply (M) and money velocity (V) are held constant.
Social Studies
2 answers:
Alex_Xolod [135]2 years ago
8 0
Changes in the money supply (ΔM) will balance out with changes in prices (ΔP)

The classical viewpoint of the quantity theory of money is that in the long run, assuming full employment, money velocity in real output are fixed. As these are on either side of the equation, the key inside of the quantity theory of money is that any increases or decreases in the supply of money on the left hand side of the equation will balance out with changes in prices on the right hand side of the equation. That is, in the long run, increasing the money supply causes inflation.
deff fn [24]2 years ago
8 0

Answer:

Changes in the money supply (ΔM) will balance out with changes in prices (ΔP)

The classical viewpoint of the quantity theory of money is that in the long run, assuming full employment, money velocity in real output are fixed. As these are on either side of the equation, the key inside of the quantity theory of money is that any increases or decreases in the supply of money on the left hand side of the equation will balance out with changes in prices on the right hand side of the equation. That is, in the long run, increasing the money supply causes inflation.

Explanation:

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8 0
11 months ago
When American colonists protested the idea of taxation without representation, what Enlightenment idea were they demonstrating?
sveticcg [70]
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5 0
3 years ago
what is not a cabinet-level position? A. Secretary of Defense B. Secretary of Education C. present secretary D. security of Stat
enot [183]

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Explanation:

5 0
3 years ago
Which pairing is INCORRECT? Orthodox: Russia Protestant: Germany Catholic: Great Britain
damaskus [11]

Answer:

Catholic:Great Britain

Explanation:

Just like Germany, the official religion in Great Britain is protestant.

If we track back at Great Britain's history, the popularity of protestanism could be tracked back due to the influence of Queen Elizabeth I.

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8 0
3 years ago
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