If an Economy Produces 3,000 Units of Output When the Price

question 89

Multiple Choice

If an economy produces 3,000 units of output when the price level is $2 and the velocity of money is 12, what is the money supply?

• A) $1,000
• B) $500
• C) $2,000
• D) $4,000

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Definitions:

Forgiveness

Ceasing to feel angry toward or seek retribution against someone who has wronged you.

Infidelity

The act of being unfaithful or violating a trust or commitment, particularly in a romantic relationship.

Forgiveness

The act of letting go of resentment or anger towards someone who has committed a mistake, offense, or harm, without holding the act against them.

Relationships

Bonds or connections between individuals, which can be based on factors like affection, kinship, common interests, or social commitments.