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In Fisher’s equation of exchange MV=PT, the variation of which produces a proportional change in price:

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Question:

In Fisher’s equation of exchange MV=PT, the variation of which produces a proportional change in price:

A.

M

B.

V

C.

P

D.

T

Answer» a. M

Note: The above multiple-choice question is for all general and Competitive Exams in India.