Q) 15 Your dormitory Griffingate has appointed you as the central banker of its economy, which deals

Q) 15

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Your dormitory Griffingate has appointed you as the central banker of its economy, which deals in the currency of wizcoins. Assume that the velocity of wizcoins in Griffingate is constant at 10,000 transactions per year. Right now real GDP is 1,000 wizcoins, and there are 2,000 wizcoins in existence. a. What will be the value of each of the variables that make up the quantity equation? Instructions: Enter your answers as whole numbers. M= V= P= wizcoins wizcoins wizcoins Your dormitory Griffingate has appointed you as the central banker of its economy, which deals in the currency of wizcoins. Assume that the velocity of wizcoins in Griffingate is constant at 10,000 transactions per year. Right now real GDP is 1,000 wizcoins, and there are 2,000 wizcoins in existence. a. What will be the value of each of the variables that make up the quantity equation? Instructions: Enter your answers as whole numbers. M= V= P= wizcoins wizcoins wizcoins Your dormitory Griffingate has appointed you as the central banker of its economy, which deals in the currency of wizcoins. Assume that the velocity of wizcoins in Griffingate is constant at 10,000 transactions per year. Right now real GDP is 1,000 wizcoins, and there are 2,000 wizcoins in existence. a. What will be the value of each of the variables that make up the quantity equation? Instructions: Enter your answers as whole numbers. M= V= P= wizcoins wizcoins wizcoins Your dormitory Griffingate has appointed you as the central banker of its economy, which deals in the currency of wizcoins. Assume that the velocity of wizcoins in Griffingate is constant at 10,000 transactions per year. Right now real GDP is 1,000 wizcoins, and there are 2,000 wizcoins in existence. a. What will be the value of each of the variables that make up the quantity equation? Instructions: Enter your answers as whole numbers. M= V= P= wizcoins wizcoins wizcoins

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a Initial Values Money supply M 2000 wizcoins given Velocity of wizcoins V 10000 transactions per ye... View the full answer