The value of the money supply (m) is 2818
How to determine the value of m?
The given parameters are:
velocity (v) equals 4,
the price level (p) equals 98,
real gdp (q) equals 115
The equation is given as:
mv= pq
So, we have
m * 4 = 98 * 115
Evaluate the product
m * 4 = 11270
Divide by 4
m = 2818
Hence, the value of the money supply (m) is 2818
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