If real output in an economy is 1,000 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 level is
A)$0.90.
B)$1.00.
C)$1.11.
D)$1.33.

Question

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The Answer of If real output in an economy is 1,000 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 level is
A)$0.90.
B)$1.00.
C)$1.11.
D)$1.33.

If Real Output in an Economy Is 1,000 Goods Per