This topic contains a solution. Click here to go to the answer
« previous next »

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 109 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Apr 19, 2019

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
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


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
Reply #1 on: Apr 19, 2019
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


Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Apr 19, 2019
Thank you!


jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Substrate–level phosphorylation. Substrate–level phosphorylation.
Entry level nurse competencies Entry level nurse competencies
All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
If you walk 5.0 m horizontally forward at a constant velocity carrying a 10 N object, the ... If you walk 5.0 m horizontally forward at a constant velocity carrying a 10 N object, the ...
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library