Solved

If Velocity = 5,the Price Level = 2,and the Real

Question 47

Multiple Choice

If velocity = 5,the price level = 2,and the real value of output is 2,500,then the quantity of money is

A) $250.
B) $25,000.
C) $1,000.
D) $6,250.

Related Questions

Q25: Changes in nominal variables are determined mostly

Q30: The inflation tax refers to<br>A)the revenue a

Q43: According to the classical dichotomy,when the money

Q44: The quantity theory of money<br>A)is a fairly

Q45: When the money market is drawn with

Q46: The classical dichotomy argues that changes in

Q48: If the nominal interest rate is 15

Q49: Figure 30-2.On the graph,MS represents the money

Q51: In the long run,money demand and money

Q52: The nominal interest rate is 6 percent