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The behavior of the M1 velocity of money in recent years can be explained by
Structural Strain Theory
A theory that interprets deviance as originating in the tensions that exist in society between cultural goals and the means people have to achieve those goals.
Cultural Goals
The aims and objectives that a society values and encourages its members to strive towards.
Anomie
A state or condition of society or an individual characterized by a breakdown or absence of social norms and values, often leading to feelings of alienation.
Conflict Theory
A theoretical perspective that views social and economic institutions as tools of struggle between groups or classes, leading to inequality and conflict.
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