Suppose that M = 300, P = 100, and Y = 6. Then the velocity of circulation equals Select one: a. 2.00. b. 3.00. c. 50 d. 0.50. e. 0.02.

a. 2.00.

Explanation:

The formula and the computation of the velocity of circulation are shown below:

According to the quantity money theory

M = Total money

V = Velocity

P = Price level

Y = Volume of goods and services

As we know that

Total amount of money in the economy × velocity = Price level × volume of goods and services

300 × velocity = 100 × 6

300 × velocity = 600

So, the velocity is

= 600 ÷ 300

= 2

Hence, the first option is correct

answer: i'd say the answer is d because the information system is the human already doing the activity.

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