Multiple Choice
If real output in an economy is 1,000 units of goods per year, the money supply is R300, and each euro is spent 3 times per year, then the average price of goods is
A) R0.90 per unit.
B) R1.11 per unit.
C) R1.50 per unit.
D) R1.33 per unit.
Correct Answer:
Verified
Correct Answer:
Verified
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