Real GDP Is $2,560 Billion,the Price Level Is 125,and the Velocity

question 113

Multiple Choice

Real GDP is $2,560 billion,the price level is 125,and the velocity of circulation is 5.The quantity of money is

• A)$2,048 billion.
• B)$625 billion.
• C)$20.48 billion.
• D)$400 billion.
• E)$640 billion.

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Definitions:

Philosophical Behaviorism

A theory in philosophy of mind that asserts thoughts, feelings, and intentions can be fully described by observable behaviors and physical processes, without reference to inner mental states.

Sensations

Immediate physical experiences or perceptions through the senses.

Functionalists

Scholars or theorists who analyze society, its entities, and phenomena based on the functions they perform in maintaining the social system.

Mental States

Conditions of consciousness or mind, such as thoughts, feelings, beliefs, desires, and intentions.