If Velocity of Money Is 6, the Price Level Is

question 34

Multiple Choice

If velocity of money is 6, the price level is 1.2, and real output is worth $1,100 billion, what is the money supply?

• A)$65 billion
• B)$153 billion
• C)$220 billion
• D)$5,500 billion

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Definitions:

Ethical Standards

Principles that govern behavior based on notions of right and wrong.

Variables

Elements, features, or factors that are liable to vary or change.

Sample Size

The number of participants or observations included in a study, which can affect the reliability and validity of the research results.

Intellectual Disability

A developmental disability characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.