If an economy produces 2,000 units of output when the price level is $1 and the money supply is $1,000, what is the velocity of money?
A) 2
B) 500
C) 50
D) 5
Correct Answer:
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Q48: If an economy produces 5,000 units of
Q49: If an economy produces 2,000 units of
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Q51: The velocity of money is:
A) the number
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Q54: The idea that the value of money
Q55: The graph shown displays various price and
Q56: According to the quantity theory of money,
Q57: The number of transactions a typical dollar
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