If real output in an economy is 1000 goods per year,the money supply is $300,and each dollar is spent an average of 3 times per year,then according to the quantity equation,the average price of goods is
A) $0.90.
B) $1.00.
C) $1.11.
D) $1.33.
Correct Answer:
Verified
Q112: Suppose that the money supply tripled,but at
Q113: The inflation tax falls mostly heavily on
A)those
Q115: Suppose that over some period the money
Q116: When the money supply and the price
Q118: Which of the following events in post-World
Q120: Suppose that monetary neutrality holds and that
Q121: The Fisher effect says that
A)the nominal interest
Q184: The nominal interest rate is 3 percent
Q198: The inflation tax
A)is an alternative to income
Q237: When money is neutral,which of the following
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents