If the Money Supply Is $300,the Price Level Is $4,and

question 130

Multiple Choice

If the money supply is $300,the price level is $4,and real GDP is $1,500,what is the nominal value of output?

• A)$1,200
• B)$4,500
• C)$6,000
• D)$180,000
• E)$500

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Definitions:

Depressant

A class of drugs that reduce neural activity and slow down the functions of the body.

Hallucinogenic

Substances that cause alterations in perception, mood, consciousness, and thought, often inducing visions or experiences that seem real but are not.

Opiate Receptors

Specialized proteins located in the brain, spinal cord, and gastrointestinal tract that interact with opiate drugs and endogenous opioids to reduce pain and induce feelings of pleasure.

Activating Serotonin

The process of stimulating the release or action of serotonin, a neurotransmitter that contributes to feelings of well-being and happiness.