Multiple Choice
Suppose velocity is 3,real output is 9000,and the price level is 1.5.What is the level of real money demand in this economy?
A) 2000
B) 3000
C) 6000
D) 30,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q65: If real income rises 4%,prices rise 1%,and
Q66: What are the major components of M1?
Q67: moneys primary role in the economy comes
Q68: If the interest elasticity of money demand
Q69: The idea that investors today compare the
Q71: If nominal money supply grows 3% and
Q72: Why did some of the formerly Communist
Q73: Which of the following is not part
Q74: Suppose that you could buy a one-year
Q75: Which of the following statements about M1