If real GDP is $10 trillion and the velocity of circulation is 2, the quantity of money
A) is $20 trillion.
B) is $2 trillion.
C) is $5 trillion.
D) cannot be determined from the information given.
Correct Answer:
Verified
Q402: The equation of exchange states that the
Q403: The equation of exchange
A) cannot be used
Q404: The quantity of money in an economy
Q405: Which of the following equations represents the
Q406: In the quantity theory of money, the
Q408: If an economy has a velocity of
Q409: The equation of exchange becomes the same
Q410: When the velocity of circulation equals 4
Q411: If nominal GDP is $12 trillion, the
Q412: The velocity of circulation is
A) average quantity
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