39. Refer to Figure 30-3. Suppose the relevant money-supply curve is the one labeled MS; also suppose the economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money is approximately 2x30000 -=6. 10000 V= P x Y M , 3.0 6.0 c. 9.0 @1.5
39. Refer to Figure 30-3. Suppose the relevant money-supply curve is the one labeled MS; also suppose the economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money is approximately 2x30000 -=6. 10000 V= P x Y M , 3.0 6.0 c. 9.0 @1.5
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
how to calculate the
![Figure 30-3. On the graph, MS represents the money supply and MD represents money demand. The usual
quantities are measured along the axes.
0.5
✓
0.33
MS₁
3.0
6.0
c. 9.0
@1.5
MS₂
2
10,000 15,000
Vertical Axis:
MD
value of money
39. Refer to Figure 30-3. Suppose the relevant money-supply curve as the one labeled MS; also suppose the
economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money is
approximately
2x30000
-=6.
10000
V= P x Y
M](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4e80abb1-0603-4cef-9580-b213cc11a28e%2F9fe690d8-b8ad-4d43-ab33-723b5b45506e%2F6gxzofh_processed.png&w=3840&q=75)
Transcribed Image Text:Figure 30-3. On the graph, MS represents the money supply and MD represents money demand. The usual
quantities are measured along the axes.
0.5
✓
0.33
MS₁
3.0
6.0
c. 9.0
@1.5
MS₂
2
10,000 15,000
Vertical Axis:
MD
value of money
39. Refer to Figure 30-3. Suppose the relevant money-supply curve as the one labeled MS; also suppose the
economy's real GDP is 30,000 for the year. If the money market is in equilibrium, then the velocity of money is
approximately
2x30000
-=6.
10000
V= P x Y
M
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