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  3. Study Set
    Principles of Macroeconomics Study Set 8
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    Exam 17: Money Growth and Inflation: The Classical Theory of Inflation
  5. Question
    If Velocity = 4,the Quantity of Money = 20,000,and the Price
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If Velocity = 4,the Quantity of Money = 20,000,and the Price

Question 228

Question 228

Multiple Choice

If velocity = 4,the quantity of money = 20,000,and the price level = 2.5,then the real value of output is


A) 2,000.
B) 200,000.
C) 12,500.
D) 32,000.

Correct Answer:

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