Refer to the given market-for-money diagrams. If each dollar held for transactions is spent four times per year on the average, we can infer that
A) real GDP is $800.
B) nominal GDP is $800.
C) the money supply must be $800.
D) nominal GDP is $1,200.

Question

Refer to the given market-for-money diagrams. If each dollar held for transactions is spent four times per year on the average, we can infer that
A) real GDP is $800. 
B) nominal GDP is $800. 
C) the money supply must be $800. 
D) nominal GDP is $1,200.

Quizplus · Accepted Answer

The Answer of  Refer to the given market-for-money diagrams. If each dollar held for transactions is spent four times per year on the average, we can infer that
A) real GDP is $800. 
B) nominal GDP is $800. 
C) the money supply must be $800. 
D) nominal GDP is $1,200.

Refer to the Given Market-For-Money Diagrams