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 199 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?

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?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

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

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic. Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Earth’s Oldest Preserved Rocks – 3.8 Billion Years Old, Greenland Earth’s Oldest Preserved Rocks – 3.8 Billion Years Old, Greenland
Rising Sea Level Rising Sea Level
Ramey's study, children from poverty-level families IQ experiment Ramey's study, children from poverty-level families IQ experiment
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library