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    Macroeconomics Study Set 57
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    Exam 16: Inflation
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    If an Economy Produces 5,000 Units of Output When the Price
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If an Economy Produces 5,000 Units of Output When the Price

Question 48

Question 48

Multiple Choice

If an economy produces 5,000 units of output when the price level is $1 and the velocity of money is 4, what is the money supply?


A) $4,000
B) $1,250
C) $2,500
D) $5,000

Correct Answer:

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