If Velocity = 5,the Price Level = 2,and the Real

question 47

Multiple Choice

If velocity = 5,the price level = 2,and the real value of output is 2,500,then the quantity of money is

• A)$250.
• B)$25,000.
• C)$1,000.
• D)$6,250.

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Definitions:

Millennium goals

A set of eight international development goals established in 2000, aiming to improve global conditions by 2015.

Canadian International Development Agency (CIDA)

A former federal agency responsible for administering foreign aid programs in developing countries on behalf of the Government of Canada.

Immigration rate

The frequency or number of individuals moving into a region from another country to reside permanently.

Foreign-born

Individuals who were born outside of the country in which they currently reside.