If an Economy Produces 3,000 Units of Output with a Price

question 42

Multiple Choice

If an economy produces 3,000 units of output with a price level of $2 and with a velocity of money of 12, we know that the money supply must be:

• A) $1,000.
• B) $500.
• C) $2,000.
• D) $4,000.

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Definitions:

XXY Pattern

A chromosomal arrangement in humans associated with Klinefelter syndrome, characterized by the presence of an extra X chromosome in males.

Cross-Sectional Design

A research method that involves observing subjects from different demographics and backgrounds at a single point in time to compare and contrast.

Recessive Genes

Genes that are expressed in offspring only when inherited from both parents, as opposed to dominant genes, which are expressed when inherited from at least one parent.

Dominant Genes

Genes that express their traits when present in an organism, overpowering the effects of recessive genes if both are present.