If real output in an economy is 1,000 units of goods per year, the money supply is €300, and each euro is spent 3 times per year, then the average price of goods is
A) €0.90 per unit.
B) €1.11 per unit.
C) €1.50 per unit.
D) €1.33 per unit.

Question

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The Answer of If real output in an economy is 1,000 units of goods per year, the money supply is €300, and each euro is spent 3 times per year, then the average price of goods is
A) €0.90 per unit.
B) €1.11 per unit.
C) €1.50 per unit.
D) €1.33 per unit.

If Real Output in an Economy Is 1,000 Units of Goods