If Real Output Is $20 Billion, the Price Level Is

question 105

Multiple Choice

If real output is $20 billion, the price level is 4, and velocity is 2, what is the stock of money?

• A) $2.5 billion
• B) $10 billion
• C) $40 billion
• D) $160 billion

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Definitions:

Reactivity

The tendency of individuals to change their behavior in response to being observed or knowing they are being studied.

Hardiness

A personality trait characterized by a sense of control, commitment, and challenge in the face of stress, acting as a buffer against stress-related disorders.

Resilience

The capacity to recover quickly from difficulties; emotional strength.

Self-Efficacy

A person's belief in their ability to succeed in specific situations or accomplish a task, influencing their approach to challenges and persistence.