Based on the quantity equation, if y = 4,000, p = 3, and v = 4, then
m = $3,000.
The quantity equation states that changes in market price affect money supply. It is evaluated with the equation: MV = PT, where M is the money supply, V is the velocity of money, P is the average price level, and T is the volume of economic transactions.
Using quantity equation
MV = PT
M = PT/V
M = (4000 × 3) / 4
M = 12000/4
M = 3000
Therefore,
Based on the quantity equation, if y = 4,000, p = 3, and v = 4, then
m = $3,000.
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