In the equation of exchange, if the money supply is $3 billion, the price level is 2, and the real GDP is $6 billion, the velocity is

Name: In the equation of exchange, if the money supply is $3 billion, the price level is 2, and the real GDP is $6 billion, the velocity is
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The equation of exchange is MV = PY, where M is the money supply, V is the velocity, P is the price level, and Y is the real GDP. Plugging in the values: $3 billion * V = 2 * $6 billion, solving for V gives V = 4.

In the Equation of Exchange, If the Money Supply Is