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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 93 times)

nevelica

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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
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Marked as best answer by nevelica on Apr 19, 2019

Animal_Goddess

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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.
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nevelica

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
Excellent

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