If real GDP is $40 billion, the price level 30, and the velocity ofmoney is 24, what does the supply of money equal?Select one:a. $40 billian6. $50 billionc. $60 billiond. $75 billiene. $80 billion

Given data: Real GDP is $40 billion Price level is 30 Velocity of money is 24

If real GDP is $40 billion, the price level 30, and the velocity of money is 24, what does the supply of meney equal? Select one: a. $40 billion 6. $50 billion c. $60 billion d. $75 billien e. $80 billion

If real GDP is $40 billion, the price level 30, and the velocity of money is 24, what does the supply of meney equal? Select one: a. $40 billion 6. $50 billion c. $60 billion d. $75 billien e. $80 billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If real GDP is $40 billion, the price level 30, and the velocity of
money is 24, what does the supply of money equal?
Select one:
a. $40 billian
6. $50 billion
c. $60 billion
d. $75 billien
e. $80 billion

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