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:

Length

A measurement that quantifies the longest dimension of an object, or the extent of something from end to end.

DNA Profiling

Identifying an individual by analyzing the unique parts of his or her DNA.

Human Genome

The complete set of nucleic acid sequences for humans, encoded as DNA within the 23 chromosome pairs in cell nuclei and in a small DNA molecule found within individual mitochondria.

Short Tandem Repeats

Sequences in DNA where a pattern of two or more nucleotides is repeated and the sequences are directly adjacent to each other.