If M = 12,000, P = 3, and Y = 32,000, then velocity =
A) 1.125. Velocity will rise if money changes hands more frequently.
B) 1.125. Velocity will rise if money changes hands less frequently.
C) 8. Velocity will rise if money changes hands more frequently.
D) 8. Velocity will rise if money changes hands less frequently.
Correct Answer:
Verified
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