In the Equation of Exchange,the Concept That Provides the Link

question 111

Multiple Choice

In the equation of exchange,the concept that provides the link between M and PY is called

• A)the velocity of money.
• B)aggregate demand.
• C)aggregate supply.
• D)the money multiplier.

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Definitions:

Consideration

The value (such as money, a service, or a promise) that is given by one party to another in exchange for performing or promising to perform a certain act.

Stereo Speakers

Audio devices designed to reproduce sound with a sense of spatial depth and positioning, creating a stereo effect by having multiple components that output various channels of audio.

Consideration

Consideration is a legal term that refers to something of value promised to another when making a contract, and it is a necessary element for the contract to be enforceable.

Gift Causa Mortis

A gift made by an individual who believes they are nearing death, which will be revoked if the donor survives.