If Real Output Is $20 Billion, the Price Level Is

question 105

Multiple Choice

If real output is $20 billion, the price level is 4, and velocity is 2, what is the stock of money?

• A) $2.5 billion
• B) $10 billion
• C) $40 billion
• D) $160 billion

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Definitions:

Pregnant Mother

A woman in the stage of carrying a developing fetus within her uterus.

Pacifier Sucking

A natural reflex action in infants involving rhythmic sucking on pacifiers or similar objects for comfort and self-soothing.

Vowels

Speech sounds produced without any appreciable constriction or blockage of airflow in the vocal tract.

Intonation

The variation in pitch when speaking, which can convey different meanings or emotions in spoken language.