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Suppose real money demand is 1000,real output is 6000,and the price level is 200.What is the level of velocity in this economy?
Private Good
A product or service that is consumed by one individual without providing benefit to others and is subject to exclusion and rivalry.
Fish Fillet
A piece of fish that has been cut or sliced away from the bone, often prepared as a food item.
Excludable
A property of a good or service whereby it is possible to prevent people from using it if they have not paid for it or met specific conditions.
Club Good
A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not diminish availability for others.
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