Multiple Choice
If velocity of money is 6, the price level is 1.2, and real output is worth $1,100 billion, what is the money supply?
A) $65 billion
B) $153 billion
C) $220 billion
D) $5,500 billion
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q29: Which of the following is an useful
Q30: If the growth rate of velocity is
Q31: The equation that says money times velocity
Q32: From 1991 to 2001, Argentina established commitment
Q33: Monetarists think that<br>A)money growth is closely related
Q35: Suppose the Fed has set the federal
Q36: Suppose the economy is thought to be
Q37: If the growth rate of the money
Q38: Taylor originally picked _as the equilibrium real
Q39: Suppose the federal funds rate is 6