alleryMatch exchange eq: 1. MV: p. Money spend 2. PQ: q. Output val 3. Theory: r. Quantity
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
The quantity theory of money uses the equation of exchange MV = PQ to link money quantity to general price levels.
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