In the quantity equation MV = PT, V is the:

A. income velocity of money.
B. transactions velocity of money.
C. inflation rate.
D. value of the money supply.

Ans: B. transactions velocity of money.

Economics

You might also like to view...

Consumption spending includes spending on durable goods, nondurable goods, and services

Indicate whether the statement is true or false

View
Economics

There is public dissaving if

A) G + TR > T. B) G + TR < T. C) TR < G + T. D) TR > G + T.

View
Economics