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

Author Question: If income is $40 billion, the price level is 10, and the stock of money is $20 billion, what is the ... (Read 149 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Apr 19, 2019

Question 1

If the stock of money is $150 billion, velocity is 4, and the price level is 3, what is real output?


◦ $37.5 billion
◦ $112.5 billion
◦ $200 billion
◦ $1,800 billion

Question 2

If income is $40 billion, the price level is 10, and the stock of money is $20 billion, what is the velocity of money?


◦ 0.8
◦ 5
◦ 8
◦ 20
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 piesebel on Apr 19, 2019

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
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


piesebel

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Apr 19, 2019
Thanks


bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc
Alan Price - Poor People Alan Price - Poor People
Numerical pain level chart with word modifiers. Numerical pain level chart with word modifiers.
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Determination of Income Inequality Determination of Income Inequality
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: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library