The nation of Ergo is a tiny country that has only one product: oranges. Oranges currently sell at a price of $2 each, and there is $600 in the money supply in Ergo. If there are a total of 1,200 oranges that are bought and sold in this economy, how many times does each of the of the dollars in Ergo’s money supply change hands?

Answer rating: 100% (QA)

There are a total of 1200 oranges that are bought and sold in this economy s... View the full answer