Economy, asked by anshikau24, 2 months ago

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Answered by hardiksharma50
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In monetary economics, the equation of exchange is the relation: M\cdot V=P\cdot Q where, for a given period, M\, is the total nominal amount of money supply in circulation on average in an economy. V\, is the velocity of money, that is the average frequency with which a unit of money is spent. P\, is the price level.

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