Business

Business, 21.09.2019 01:40, ayoismeisalex

If real gdp is $8,000, the money supply is $3,100, and velocity is 4, then the price level is

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Business, 21.06.2019 21:00, yasarhan2

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

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Business, 16.07.2019 23:30, arri05

"if the money supply is $1 million, the velocity of money is 10, and the price level is 100, what is real gdp? "

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Business, 22.07.2019 19:10, citlalli30

This year's money supply is $500 billion, nominal gdp is $10 trillion, and real gdp is $5 trillion. the price level is, and the velocity of money is. suppose that velocity is constant and the economy's output of goods and services rises by 5 percent each year. use this information to answer the questions that follow. if the fed keeps the money supply constant, the price level will , and nominal gdp will . true or false: if the fed wants to keep the price level stable instead, it should keep the money supply unchanged next year. true false if the fed wants an inflation rate of 11 percent instead, it should the money supply by. (hint: the quantity equation can be rewritten as the following percentage change formula: (percentage change in m)+(percentage change in v)=(percentage change in p)+(percentage change in y)percentage change in m+percentage change in v=percentage change in p+percentage change in y

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Business, 28.08.2019 19:10, raymondmunoz4451

If initially the money supply is $1 trillion, velocity is 5, the price level is 1, and real gdp is $5 trillion, an increase in the money supply to $2 trillion a. increases real gdp to $10 trillion. b. causes velocity to fall to 2.5. c. increases the price level to 2. d. increases the price level to 2 and velocity to 10.

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If real gdp is $8,000, the money supply is $3,100, and velocity is 4, then the price level is...

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