Choose the Correct Formula of the Compound Formed When M

question 53

Multiple Choice

Choose the correct formula of the compound formed when M, which is a group IIIA element and X, which is a group VIA element are combined.

• A) MX
• B) M₂X
• C) MX₂
• D) M₂X₃

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Definitions:

M x V = P x Y

The equation representing the quantity theory of money, where M is the money supply, V is the velocity of money, P is the price level, and Y is the real output.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, indicative of inflation or deflation.

Real Value

The value of an item or currency adjusted for inflation, showing its true purchasing power over time.

Wages and Prices

Refers to the levels of remuneration for labor and the cost of goods and services in an economy, respectively, which can influence each other.