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

Author Question: If the stock of money is $20 billion, velocity is 4, and real output is $40 billion, what is the price level? (Read 41 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Apr 19, 2019

Question 1

Suppose that the stock of money is $250 billion and nominal GDP is $2,000 billion. The velocity of money is


◦ 0.125.
◦ 6.
◦ 8.
◦ 2,250.

Question 2

If the stock of money is $20 billion, velocity is 4, and real output is $40 billion, what is the price level?


◦ 0.5
◦ 2
◦ 8
◦ 320
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 nevelica on Apr 19, 2019

Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
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


nevelica

  • Member
  • Posts: 563
Reply 2 on: Apr 19, 2019
Wow, this really help

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

dinosaurs were real dinosaurs were real
Upper-Level Maps Upper-Level Maps
Upper-Level Maps Upper-Level Maps
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ... Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ...
The tertiary level of protein structure for the respiratory pigment myoglobin The tertiary level of protein structure for the respiratory pigment myoglobin
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library