If Velocity = 5, the Price Level = 1

question 348

Multiple Choice

If velocity = 5, the price level = 1.5, and the real value of output is 2,500, then the quantity of money is

• A)333.33.
• B)750.00.
• C)1,050.00.
• D)8,333.33.

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Definitions:

Controller

A senior executive responsible for overseeing the accounting operations and financial reporting of an organization.

Firm

A business organization or entity engaged in commercial, industrial, or professional activities.

C-type Corporation

A corporation that is taxed separately from its owners, often referred to as a C corporation.

Business Organization

A business organization is a legal and operational structure created to conduct commercial activities, such as corporations, partnerships, and sole proprietorships.