In the Equation M * V =P *Y,the Variable Y

question 48

Multiple Choice

In the equation M * V =P *Y,the variable Y stands for

• A) the price level.
• B) the size of the money supply.
• C) the rate of inflation.
• D) nominal GDP.
• E) real GDP.

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Definitions:

Negative-feedback

A regulatory mechanism in biological systems where the output of a process inhibits or lessens the process's activity.

Neural-feedback

A process through which information about the output of a neural system is returned to it, to adjust its future output and behavior.

Positive-feedback

A biological mechanism whereby a stimulus intensifies the production of a product, leading to an amplification effect in the system.

Lipid-soluble Hormones

Hormones that can pass through the lipid bilayer of cell membranes and are usually transported in the bloodstream bound to carrier proteins.