Can u please answer all the question without explaining it For the next question

Question

Can u please answer all the question without explaining it For the next questions, assume the following: Quanteeon is a country in which the quantity of money operates. The country has a constant technology, population, and capital stock (in other words, real GDP is constant throughout). For the next questions: M=money supply, V=velocity, P=price, Y=real output, k=I/V If, in year 1,real GDP was $480, the price level was 1.00, and the velocity of circulation of money was 6, then the quantity of money equals $80 and Nominal GDP equals $480. the quantity of money equals $60 and Nominal GDP equals $360. the quantity of money equals $480 and Nominal GDP equals $480. the quantity of money equals $60 and Nominal GDP equals $360. If, in year 2, the money supply was 25% higher than in year 1, then the quantity of money equals $80 and Nominal GDP equals $480. the quantity of money equals $100 and Nominal GDP equals $600. the quantity of money equals $100 and Nominal GDP equals $480. the quantity of money equals $125 and Nominal GDP equals $750. Now assume that the quantity theory of money no longer operates. If, in year 3, velocity falls to 5 and the money supply is 20% higher than in year 2, then the quantity of money equals $80 and Nominal GDP equals $480. the quantity of money equals $100 and Nominal GDP equals $600. the quantity of money equals $120 and Nominal GDP equals $600. the quantity of money equals $120 and Nominal GDP equals $720. Which of the following correctly specifies the Quantity Theory of Money(QTM) M times V = P times Y M/P = (P times Y)/V M times P = Y times V None of the above Which of the following correctly specifies the Quantity Theory of Money(QTM) M/P = kY M(1/k) = PY MV = PY All of the above

Explanation / Answer

46. a. the quantity of money is $80 and Nominal GDP equals $480.

47. b. the quantity of money equals $100 and Nominal GDP equals $600.

48. c. the quantity of money equals 120 and Nominal GDP equals $600.

49. d. None of the above.

50. b. M(1/k) = PY.

*****

{Velocity of money = Price level × Real GDP / Money supply.]

[Velocity of money = Nominal GDP / Money supply]

[Nominal GDP = Velocity of money x Money supply]

*****

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.