The Money Supply Multiplied by Its Velocity of Circulation Equals

question 59

Multiple Choice

The money supply multiplied by its velocity of circulation equals

• A) the rate of inflation.
• B) the amount of unemployment.
• C) nominal GDP.
• D) the Consumer Price Index.
• E) government spending.

---

Definitions:

Working-Class

Refers to the social group consisting of people who are employed for wages, especially in manual or industrial work.

Andrew Johnson

The 17th President of the United States, serving from 1865 to 1869, who succeeded Abraham Lincoln and was the first President to be impeached.

New Southern Class

Refers to a social or economic stratum that emerged in the American South, often in the context of post-Civil War social restructuring and economic development.