Bookmarks Window Help 0 saplinglearning.com (96) C9Sneaky-Twitch Sapling Assignm

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Bookmarks Window Help 0 saplinglearning.com (96) C9Sneaky-Twitch Sapling Assignments & Due Dates Canada C N 100-Section AA, AC &AD-; Macroeconomics-Fall17-ROSCELLIActivities and Due Dates> Ch. 12 Revie 1/7/2017 11:00 PM 201100 Print Calculator Grad ion 4 of 15 Map Sapling Learning Find the velocity of money when M-S522, P = 105, and YR-S23. M is the money supply, v is the velocity of money, P is the price level, and YR is the real gross domestic product (GDP) Round your answer to 2 decimal places Number

Explanation / Answer

According to quantity theory of money, MV = PY and V = PY/M

Substitute the values in this equation, V = 105 x 23 / 522 = 4.62

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