According to the Equation of Exchange,if Real GDP Is $3

question 120

Multiple Choice

According to the equation of exchange,if Real GDP is $3 trillion and the money supply is $0.5 trillion,then velocity

• A) must be 6.
• B) must be 1/6.
• C) must be 4 trillion.
• D) must be 1/4 trillion.
• E) cannot be determined without knowing what the price level is.

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