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Two Countries, Alpha and Beta, Are Otherwise Identical Except That

Question 1

Multiple Choice

Two countries, Alpha and Beta, are otherwise identical except that each dollar in Alpha is used more frequently than each dollar in Beta.For this to be true, it must be the case that, holding other factors equal, __________ in Alpha than in Beta.


A) real GDP is greater
B) the money stock is smaller
C) the price level is greater
D) velocity is less

Correct Answer:

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