If the money supply is $2 trillion and velocity is 5,then nominal GDP is
A) $1 trillion.
B) $2 trillion.
C) $5 trillion.
D) $10 trillion.
Correct Answer:
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Q7: If the money supply is $500 and
Q8: Because the quantity theory of money tells
Q9: If the money supply is $500 and
Q10: In the equation of exchange,the concept that
Q11: In Irving Fisher's quantity theory of money,velocity
Q13: Velocity is defined as
A)P + M +
Q14: The velocity of money is defined as
A)real
Q15: If nominal GDP is $8 trillion,and the
Q16: The quantity theory of money is a
Q17: If the money supply is $600 and
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