In a small economy the quantity of money circulating in the


In a small economy, the quantity of money circulating in the economy is $2.5 million. Real GDP for the current year is $5 million, and the average price level is 2. What is the velocity of money?
Select one:
a. 5b. 4c. 2d. 2.5

Solution Preview :

Prepared by a verified Expert
Business Management: In a small economy the quantity of money circulating in the
Reference No:- TGS02233773

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)