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.

---

Definitions:

Cultural Differences

The varying beliefs, behaviors, languages, practices, and expressions considered unique to members of a specific ethnicity, region, or national background.

Ethical Problems

are dilemmas or conflicts arising from competing moral principles or values, often requiring careful consideration and judgement.

Knowledgeable

Possessing or showing a high level of knowledge or information about a particular subject or range of subjects.

Fisher

A term that might refer to a specific individual, model or concept in various contexts; without additional context, it's broad and may relate to a name common in scientific literature or as a surname.