Velocity in the Country of Coruba Is Always Stable

question 46

Multiple Choice

Velocity in the country of Coruba is always stable. In 2018, the money supply was $100 billion and real GDP was $300 billion. In 2019, the money supply increased by 10 percent, real GDP increased by 5 percent, and nominal GDP equalled $660 billion. By how much did the price level increase between 2018 and 2019?

• A) 2.38 percent
• B) 4.76 percent
• C) 9.50 percent
• D) 10.0 percent

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Definitions:

Equal

Having the same value, quantity, or measure as another object or entity.

Binocularity

The ability of both eyes to work together to achieve a single visual perception, important for depth perception.

Crossed Eyes

A condition where the eyes do not align properly and point in different directions.

Newborn

An infant recently born, typically regarded as from birth to one month of age.