Suppose that real output is fixed and equal to 400, while velocity is fixed and equal to 5. Then, if the money supply is equal to 200, the price level will be:

A. 10.
B. 7.5.
C. 2.5.
D. 5.


Answer: C

Economics

You might also like to view...

Providing which of the following in your proposal will help build your credibility with the audience

A. descriptions of similar projects you have completed B. a list of the deliverables you are agreeing to provide C. an explanation of when and how the work will be completed D. a delineation of your costs

Economics

Which of the following statements is not true? To acquire Bitcoins, an individual can:

a. Trade for them. b. Buy them. c. Mine them by solving a Bitcoin-generated computer algorithm. d. Borrow them at any local Bitcoin bank. e. All of the statements above are true.

Economics

Output per unit of input measures

A. The inequality trap. B. The investment rate. C. Per capita GDP. D. Productivity.

Economics

The J curve shows that

A. devaluation is likely to be unsustainable. B. devaluation is more likely to improve the trade balance in the short run than in the long run. C. devaluation is more likely to improve the trade balance after a longer span of time has elapsed. D. devaluation is unlikely to improve the trade balance in either the short run or the long run.

Economics