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Problem

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question

If output of goods and services in real terms was 1600billionlastyear,themoneysupplywas1600 billion last year, the money supply was 500 billion and the velocity of money was 4, then what was the price level? Was last year an inflationary period or a deflationary period?
Plain-text mathematical notation (without MathML)
If output of goods and services in real terms was 1600billionlastyear,themoneysupplywas500 billion and the velocity of money was 4, then what was the price level? Was last year an inflationary period or a deflationary period?
Original LaTeX notation
If output of goods and services in real terms was $1600 billion last year, the money supply was $500 billion and the velocity of money was 4, then what was the price level? Was last year an inflationary period or a deflationary period?

category

economics

options

  1. 1.25, Not enough information
  2. 0.8, Inflationary period
  3. 2.5, Inflationary period
  4. 2, It was a period of stable prices
  5. 1.6, Deflationary period
  6. 3, Deflationary period
  7. 1.5, Not enough information
  8. 1.25, Inflationary period
  9. 2, Not enough information
  10. 1, Not enough information

src

stemez-Economics

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