Calculate velocity of money when price level

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Q. Use economic analysis to explain why optimal amount of product safety may be less than amount that would totally eliminate risks of accidents and deaths. Use automobiles as an example.

Q. calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion Answer must be in detail Explain how Explain how you got answer.

Reference no: EM1371035

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Calculate velocity of money when price level : calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion Answer must be in detail Explain how Explain how you got answer.

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