If the total expenditure in an economy is $10,000 per year and the velocity of money is 5, then the supply of money in the economy is:

Name: If the total expenditure in an economy is $10,000 per year and the velocity of money is 5, then the supply of money in the economy is:
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Question

Quizplus · Accepted Answer

The supply of money can be calculated using the formula: Money Supply = Total Expenditure / Velocity of Money. Here, Money Supply = $10,000 / 5 = $2,000.

If the Total Expenditure in an Economy Is $10,000 Per