Economics · Quantity Theory of Money

What does 'P' stand for in Fisher's Equation of Exchange (MV = PT)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Quantity of Money
2Volume of Trade
3Price Level✓
4Velocity of Circulation

Correct answer

Price Level

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What does 'P' stand for in Fisher's Equation of Exchange (MV = PT)?

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