1.
In the equation of exchange, the term P × Q is the
same as:
the money supply.
nominal GDP.
national income.
real GDP.
2.T
he idea that a change in the money supply would affect prices
but not real GDP is associated with the:
monetary equivalence theory.
GDP impossibility rule.
classical monetary transmission mechanism.
law of unintended consequences.
3.
The idea that a change in the money supply would affect prices
but not real GDP is associated with the:...