If M = the Money Supply; Y = Real Output

question 72

Multiple Choice

If M = the money supply; Y = real output, P = the price level, and V = velocity, which of the following equals the velocity of money?

• A) (Y × M)/P
• B) (P × M)/Y
• C) (P × Y)/M
• D) (P × Y) + M

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Definitions:

Grobalization

A term referring to the imperialistic ambitions of nations, corporations, organizations, and the like and their desire to impose themselves on various geographic areas.

George Ritzer

An American sociologist known for his work on consumerism, globalization, and the McDonaldization of society.

Counter-empire

Strategies or movements aimed at challenging, resisting, or undoing the power and influence of dominant imperial or neo-imperial structures.

Marx's Communism

A socio-economic ideology advocating for a classless society, where the means of production are owned communally.