If P = 12,V = 6,and M = 1,000,then GDP is
A) 1,000.
B) 2,000.
C) 3,000.
D) 500.
Correct Answer:
Verified
Q148: The modern monetarists believe that
A)V is very
Q149: According to the crude quantity theory of
Q150: If the price level P equals 1.50,GDP
Q151: Which is the most accurate statement?
A)The quantity
Q152: The velocity of money measures the
A)proportion of
Q154: Real GDP is the same as
A)M.
B)V.
C)P.
D)Q.
Q155: If MV rises from 180 to 270,
A)PQ
Q156: Which equation is incorrect?
A)MV = GDP
B)PQ =
Q157: The crude quantity theory is based on
Q158: If M = 2,000,P = 5,and Q
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