The quantity of money in an economy is $9 million, and the velocity of circulation is 3. Nominal GDP in this economy is .
A) $9 million
B) $6 million
C) $3 million
D) $27 million
Correct Answer:
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Q21: When the quantity of money demanded is
Q22: When the nominal interest rate rises, the
A)quantity
Q23: Which of the following affects the amount
Q24: The equation of exchange becomes the same
Q25: The Australian historical evidence
A)shows that a higher
Q27: All the following statements about the Reserve
Q28: If an economy has a velocity of
Q29: Financial innovations can have the effect of
A)only
Q30: If you use $500 of currency to
Q31: The fraction of a bank's total deposits
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