Scenario: the Quantity Theory of Money Suppose That the Money

question 118

Multiple Choice

Scenario: The Quantity Theory of Money Suppose that the money supply is equal to $10 billion and the velocity of money is 6. If the aggregate price level is 4, then the real GDP is:

• A) $60 billion.
• B) $30 billion.
• C) $20 billion.
• D) $15 billion.

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