According to the quantity theory of money, if money supply is $1,000 million, the overall price level is 200, and real GDP is 50 million, then the velocity of money is equal to:
A) 10.
B) 20.
C) 50.
D) 100.
Correct Answer:
Verified
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Q86: The identity that expresses the quantity theory
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Q88: The velocity of money is:
A) the average
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Q93: Assuming the velocity of money and real
Q94: Deflation is:
A) the average number of times
Q95: When the velocity of money and real
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