If an economy produces 4,000 units of output with a price level of $2 and with a velocity of money of 8, we know that the money supply must be:
A. $8,000.
B. $4,000.
C. $1,000.
D. $2,000.
Answer: C
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Indicate whether the statement is true or false
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Refer to the graph shown. Which supply curve is unit elastic?
A. A B. B C. C D. D