This topic contains a solution. Click here to go to the answer

Author Question: If the stock of money is $60 billion, velocity is 5, and real output is $100 billion, what is the price level? (Read 103 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500

Question 1

Suppose that the stock of money is $150 billion and nominal GDP is $750 billion. The velocity of money is


◦ 4.
◦ 5.
◦ 16.7.
◦ 600.

Question 2

If the stock of money is $60 billion, velocity is 5, and real output is $100 billion, what is the price level?


◦ 0.12
◦ 1.4
◦ 3
◦ 6


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Brittanyd9008 on Apr 19, 2019

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly





 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

For a complete list of videos, visit our video library