Economics · Monetary Economics
In the classical equation of exchange (MV = PY), the link between money supply (M) and nominal GDP (PY) is provided by which concept?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The interest rate
- 2Aggregate demand and supply
- 3The velocity of money✓
- 4The money multiplier
Correct answer
The velocity of money
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