Multiple Choice
If M stands for the money stock, P for the price level, and Y for real GDP, then velocity, V, equals:
A) (P × Y) /M.
B) (P × M) / Y.
C) (M × Y) / P.
D) (M × P) / Y.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q93: If bank reserves are 200, the public
Q94: The money supply in Macroland is currently
Q95: Money serves as a unit of account
Q96: Double coincidence of wants is avoided if
Q97: When money is used as a means
Q99: 100 percent reserve banking refers to a
Q100: Bank depositors will not lose their deposits
Q101: The components of M2 that are not
Q102: When a bank makes a loan by
Q103: One of the serious drawbacks of the