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 67 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?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Single-gene inheritance tracked at the DNA level Single-gene inheritance tracked at the DNA level
Masaccio, The Tribute Money. Masaccio, The Tribute Money.
Mechanisms of pain at the nociceptor level. Mechanisms of pain at the nociceptor level.
Positive velocity graph Positive velocity graph
Find the final velocity of the object Find the final velocity of the object
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library