What was the quantity of money in 2011

Reference no: EM131047958

Fisheria is a country in which the quantity theory of money operates. The country has a constant population, capital stock, and technology. In 2010, real GDP was $300million, the quantity of money was $60million, and the velocity of circulation of money was $10million. In 2011, the price level rose by 20 percent.a) what is the price level in 2010?b) what was the real GDP in 2011c) what was the velocity of circulation in 2011?d) what was the quantity of money in 2011?

Reference no: EM131047958

Questions Cloud

What is the load fee as a percentage of the net asset value : If a mutual fund's net asset value is $25.12 and the fund sells its shares for $30, what is the load fee as a percentage of the net asset value? Round your answer to one decimal place.

Label all curves and axis for full credit : Be sure to indicate the direction of change in Real GDP, the Price Level and the Unemployment Rate. Label all curves and axis for full credit.

The following methods for determining a class rate : Briefly describe the following methods for determining a class rate:a. pure premium method b. loss ratio method

Preferred stock rate of return : What is the required rate of return on a preferred stock with a $50 par value, a stated dividend of 7% of par, and a current market price of (a) $70, (b) $83, (c) $117, and (d) $145 (assume the market is in equilibrium with the required return equal ..

What was the quantity of money in 2011 : what is the price level in 2010?b) what was the real GDP in 2011c) what was the velocity of circulation in 2011?d) what was the quantity of money in 2011?

The major regulatory objectives : a. What are the major regulatory objectives that must be satisfied in insurance rate making?b. What are the major business objectives?

What is the net asset value of an investment : What is the net asset value of an investment company with $5,000,000 in assets, $840,000 in current liabilities, and 1,100,000 shares outstanding? Round your answer to two decimal places.

What type of image do the fixtures portray : Does the lighting highlight the merchandise, structure space, capture a mood, or downplay unwanted features? What type of image do the fixtures portray?

Find the interest rate needed for an investment : Find the interest rate needed for an investment of $9,000 to grow to an amount of $12,000 in 6 years if interest is compounded daily. (Round your answer to the nearest hundredth of a percentage point.)

User Account

All Pages