Suppose the Quantity of Money Is $1,000, the Velocity of Circulation

question 91

Multiple Choice

Suppose the quantity of money is $1,000, the velocity of circulation is 6, and real GDP is $4,000.Then the price level is

• A) 2.5.
• B) 2.0.
• C) 1.5.
• D) 1.1.
• E) 6.0.

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