In the equation MV+ MI VI = PT, ‘M ‘denotes:

Related MCQs

• In the saving function S = -a + (1-b)Y, the term ‘b’ denotes
• In the linear consumption function C = a + bY, coefficient ‘a’ denotes
• In the Cambridge equation of M = kPR, the value of kis:
• In the Fisher’s extended equation of exchange MI VI represents:
• The cash balance equation M = KPO was given by:
• In Fisher’s equation of exchange MV=PT, the variation of which produces a proportional change in price:
• Pigou’s version of Cambridge equation is:
• In the equation C = 60 + 0.6 Y, MPCis
• APC is determined by the following equation: