Velocity is V, the quantity of money is M, the price level is P, and real GDP is Y. Which of the following formulas is correct?
A) Y = (P × M) ÷ V
B) Y = V × M
C) Y = (P + M) - V
D) V = (P + Y) × M
E) V = (P × Y) ÷ M
E
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