Question 3 0.4 pts 3. If M = 9,000, P=6, and Y = 1,500, what is...

Question

Question

Answer 1

Answer #1

B) 1

Here M= 9000,P = 6,Y= 1500

Velocity is the number of times the average dollar is spent to buy goods and services in a given year.

M× V= P× Y

9000× V=6× 1500

9000× V= 9000

V= 9000÷ 9000

V= 1

Answer 2

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