Suppose that in 2014, the price level is 200, real GDP is $4 billion, and the velocity of money is 20. If the supply of money changes to $50 billion in 2015, by what percent did it change? Select one: a. 10% b. 12% c. 15% d. 20% e. 25%

Suppose that in 2014, the price level is 200, real GDP is $4 billion, and the velocity of money is 20. If the supply of money changes to $50 billion in 2015, by what percent did it change? Select one: a. 10% b. 12% c. 15% d. 20% e. 25%

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter16: Monetary Policy

Section: Chapter Questions

Problem 2SQP

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Suppose that in 2014, the price level is 200, real GDP is $4 billion, and the velocity of money is 20. If the supply of money changes to $50 billion in 2015, by what percent did it change?

Select one:

a. 10%

b. 12%

c. 15%

d. 20%

e. 25%

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