Multiple Choice
If an economy produces 2,000 units of output when the price level is $1 and the money supply is $1,000, what is the velocity of money?
A) 2
B) 500
C) 50
D) 5
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q125: The number of transactions a typical dollar
Q126: Which of the following is associated with
Q127: What is often the result of raising
Q128: The idea that the value of money
Q129: The real interest rate is:<br>A) the federal
Q131: The reduction in aggregate demand caused by
Q132: To measure core inflation, the BLS excludes
Q133: If the value of your debt decreases
Q134: When the price of a key input
Q135: If the purchasing power of your savings