If the Money GDP Is $600 Billion And, on the Average

question 153

Multiple Choice

If the money GDP is $600 billion and, on the average, each dollar is spent three times per year, then the amount of money demanded for transactions purposes:

• A)will be $1800 billion.
• B)will be $600 billion.
• C)will be $200 billion.
• D)cannot be determined from the information given.

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