menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Principles of Economics
  4. Exam
    Exam 12: Inflation and the Quantity Theory of Money
  5. Question
    If the Average Level of Prices in an Economy Equals
Solved

If the Average Level of Prices in an Economy Equals

Question 204

Question 204

Multiple Choice

If the average level of prices in an economy equals 100, the money supply equals $100,000, and the level of real output equals $5,000, then the velocity of money is:


A) 5.
B) 20.
C) 100.
D) 1,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: The basket of goods bought by the

Q29: If the price level in 2018 is

Q57: According to the quantity theory of money,money

Q78: Which measure of prices includes all of

Q88: According to Nobel laureate Milton Friedman,"inflation is

Q101: If people expect an inflation rate of

Q132: A real price is:<br>A) an increase in

Q200: According to the Fisher equation, the nominal

Q202: Debt monetization means that a government pays

Q208: The quantity theory of money:<br>A) describes the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines