suppose the diffrence between the transaction velocity and the income velocity of circulation of money in an economy is a 5 and the money value of total transaction 6 times the money value of aggregate income . if the quantity of money in circulation is 1000 currency unit , then the money value of aggregate income in currency unit is (a)1000 (b)1200 (c)1500 (D)1800
suppose the diffrence between the transaction velocity and the income velocity of circulation of money in an economy is a 5 and the money value of total transaction 6 times the money value of aggregate income . if the quantity of money in circulation is 1000 currency unit , then the money value of aggregate income in currency unit is (a)1000 (b)1200 (c)1500 (D)1800
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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suppose the diffrence between the transaction velocity and the income velocity of circulation of money in an economy is a 5 and the money value of total transaction 6 times the money value of aggregate income . if the quantity of money in circulation is 1000 currency unit , then the money value of aggregate income in currency unit is
(a)1000
(b)1200
(c)1500
(D)1800
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