According to the Equation of Exchange, If V = 5

question 350

Multiple Choice

According to the equation of exchange, if V = 5, P = 3, and Y = $50, then the money supply equals

• A) $10.
• B) $30.
• C) $150.
• D) $300.

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Definitions:

Dependent Variable

In an experiment or study, it's the variable being tested and measured, which is expected to be influenced by another variable (the independent variable).

Dependent Variable

A variable in a scientific experiment that changes in response to the manipulation of the independent variable.

Independent Variable

In research, the variable that is manipulated to observe its effect on a dependent variable.