Nominal GDP is $9.6 million dollars, real GDP is $9 million, and velocity is 1.2.The quantity of money is ________ million.
A) $8
B) $11.52
C) $7.5
D) $10.8
E) $12
Correct Answer:
Verified
Q142: If nominal GDP is $6.0 trillion and
Q143: If real GDP is $200, the price
Q144: According to the equation of exchange, if
Q145: According to the equation of exchange, if
Q146: If real GDP and the velocity of
Q148: Suppose the quantity of money and real
Q149: If real GDP grows by 3 percent,
Q150: Suppose nominal GDP is $2,000 a year
Q151: If real GDP grows by 3 percent,
Q152: If real GDP grows by 3 percent,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents