If the price level P equals 1.50,GDP is $6,000 billion,and the stock of money is $900 billion,the velocity of circulation of money is about
A) 3.
B) 9.
C) 5.
D) 10.
Correct Answer:
Verified
Q145: According to the crude quantity theory of
Q146: According to the equation of exchange
A)when M
Q147: The output of our economy is represented
Q148: The modern monetarists believe that
A)V is very
Q149: According to the crude quantity theory of
Q151: Which is the most accurate statement?
A)The quantity
Q152: The velocity of money measures the
A)proportion of
Q153: If P = 12,V = 6,and M
Q154: Real GDP is the same as
A)M.
B)V.
C)P.
D)Q.
Q155: If MV rises from 180 to 270,
A)PQ
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