If nominal GDP is $ 500 Billion Dollars and Real GDP is 400 Billion Dollars and...

 

Transcribed Image Text:

If nominal GDP is $ 500 Billion Dollars and Real GDP is 400 Billion Dollars and the money supply is 200 Billion Dollars, estimate the price level (P) and velocity of money (V): P = V= In a system of fractional reserve banking, if the original deposit was $100 and required reserve ratio was 20%, then the maximum money supply is as much as And the size of money multiplier is If nominal GDP is $ 500 Billion Dollars and Real GDP is 400 Billion Dollars and the money supply is 200 Billion Dollars, estimate the price level (P) and velocity of money (V): P = V= In a system of fractional reserve banking, if the original deposit was $100 and required reserve ratio was 20%, then the maximum money supply is as much as And the size of money multiplier is

Answer rating: 100% (QA)

According to the equation of exchange in macroeconomics MV PY where M is the money supply V is the v... View the full answer