If Real Output in an Economy Is 1,000 Goods Per

question 54

Multiple Choice

If real output in an economy is 1,000 goods per year,the money supply is $300,and each dollar is spent an average of 4 times per year,then according to the quantity equation,the average price level is

• A)3.33.
• B)0.83.
• C)1.20.
• D)13.33.

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Definitions:

Strategy-making Mode

Strategy-making mode refers to the approach an organization adopts for forming and implementing strategies, which can vary from systematic planning processes to more adaptive or reactive strategies.

Entrepreneurial

Characterized by the willingness to start, manage, and assume the risks of a business or enterprise in order to make a profit.

Synergy

The cooperative interaction among groups or forces that creates an enhanced combined effect greater than the sum of their individual effects.

Strategic Planning

The process of defining an organization's strategy, or direction, and making decisions on allocating resources to pursue this strategy.