In the Equation of Exchange,V Stands for

question 35

Multiple Choice

In the equation of exchange,V stands for

• A)velocity,or the annual rate at which money changes hands in the purchase of final products.
• B)the investment component of aggregate demand.
• C)the amount of money in circulation.
• D)a constant equal to 3.1416,discovered by classical economists.

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Definitions:

Upper Class Limits

The maximum value within a class interval in a frequency distribution, where classes are used to group data.

Class Width

In statistics, the difference between the upper and lower boundaries of a class interval in a frequency distribution.

Categorical Data

Data that represent categories - qualitative data that can be divided into group or categories.

Quantitative

Referring to data or information that can be measured and expressed numerically.