Respuesta :
V = P×Y/M V = P×Y/M
P×Y = M x V P×Y = M x V
P×1,000 = 400×5 P×1,000 = 300×5
P = 2,000/1,000 P = 1,500/1,000
P×Y = 2 P = 1.5
The price level declines from 2 to 1.5.
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.
Price level can be displayed as discrete values, like a dollar amount, or they can be described in narrow ranges, as ticks with the prices of securities. Price level are a crucial signal in economics, and economists pay particular attention to them.
They are crucial to the selling of goods and services as well as the spending power of consumers. In the chain of supply and demand, it also has a significant role.
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