Suppose Velocity Is 3,real Output Is 9000,and the Price Level

question 70

Multiple Choice

Suppose velocity is 3,real output is 9000,and the price level is 1.5.What is the level of real money demand in this economy?

• A)2000
• B)3000
• C)6000
• D)30,000

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Definitions:

Paris Peace Conference

The 1919 meeting of Allied victors following the end of World War I to set the peace terms for the defeated Central Powers.

Kapp Putsch

A failed coup attempt in Germany in 1920 by right-wing elements seeking to overthrow the Weimar Republic and restore the monarchy.

General Strike

A large-scale strike action that involves workers from most or all sectors of an economy, aimed at achieving significant political or economic reforms.