Suppose the money supply equals $100 million, the price level equals 40, and real GDP equals $50 million. Given this information, the velocity of money equals

Name: Suppose the money supply equals $100 million, the price level equals 40, and real GDP equals $50 million. Given this information, the velocity of money equals
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The velocity of money (V) is calculated using the formula V = (Price Level * Real GDP) / Money Supply. Substituting the given values: V = (40 * 50) / 100 = 20.

Suppose the Money Supply Equals $100 Million, the Price Level