Suppose That P × Y Is $5,000 Million a Year

question 224

Multiple Choice

Suppose that P × Y is $5,000 million a year and the quantity of money is $500 million.Then the velocity of circulation is

• A) 50.
• B) 500.
• C) 10.
• D) 20.
• E) 2,500,000.

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Definitions:

Nietzsche

Friedrich Nietzsche, a German philosopher known for his critique of traditional morality and religion.

Kierkegaard

A Danish philosopher and theologian considered the father of existentialism, who explored the complexities of individual existence, choice, and faith.

Alienation

Describes the estrangement of individuals from themselves, their work, or society, often discussed in the context of labor and social structures.