Suppose that P Y is 5,000 million a year and the quantity of money is 500 million. Then the velocity of circulation is
A) 50. B) 10. C) 500. D) 20. E) 2,500,000.
Question 2
The table above gives data for the nation of Mosh. If we graphed these data, we would see that when GDP equals
A) 10 trillion, the AE curve intersects the 45 line.
B) 9 trillion, the AE curve intersects the 45 line.
C) 6 trillion, the AE curve is below the 45 line.
D) 10 trillion, the 45 line is above the AE curve.
E) 4 trillion, the AE curve intersects the 45 line.
20,000 year old spotted hyena painting from the Chauvet Cave, France
Testing Infant’s Understanding of Quantity
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