If the average level of prices in an economy Candice Macro economics

Question 16 / 142: If the average level of prices in an economy equals 100, the money supply equals $100,000, and the level of real output equals $5,000, then the velocity of money is:

A 5

B 20

C 100

D 1,000

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Macroeconomics MCQ

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Candice Butts

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