According to the equation of exchange,if GDP equals $12,000 billion and the money supply equals $3,000 billion,the velocity of money

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The equation of exchange is MV = PQ, where M is the money supply, V is the velocity of money, P is the price level, and Q is real GDP. Solving for V, we get V = PQ/M. Substituting the given values, we get V = ($12,000 billion)/($3,000 billion) = 4. Therefore, the velocity of money must be 4.

According to the Equation of Exchange,if GDP Equals $12,000 Billion