Question $48(1\mathrm{.}25$ points$)$

Suppose that in Nation Z in $2014,$ the money supply was $$60,000,$ the velocity of money was $2$ and real GDP was

$80,000$ units.

Given the information above, what was the price level in $2014?$

$$1\mathrm{.}25$

$$1\mathrm{.}50$

$$1\mathrm{.}80$

$$2\mathrm{.}25$