If velocity of money is 6, the price level is 1.2, and real output is worth $1,100 billion, what is the money supply?
A. $65 billion
B. $153 billion
C. $220 billion
D. $5,500 billion
Answer: C
You might also like to view...
When goods on hand are actually counted, a(n) ____________________ has been taken
Fill in the blank(s) with correct word
Monetary-unit sampling is commonly used by auditors to test controls.
Answer the following statement true (T) or false (F)
Which of the following is recommended with respect to an individual employee’s evaluation?
a. Relate scores to the employee’s working and private life. b. Give average scores to extremely high achievers to avoid jealousy. c. Use feedback from many different people who interact with the employee. d. Give poor performers average ratings in their early term of employment.
Investing activities include
A) collecting cash on loans made. B) obtaining cash from creditors. C) obtaining capital from owners. D) repaying money previously borrowed.