According to the Equation of Exchange, If the Quantity of Money

question 101

Multiple Choice

According to the equation of exchange, if the quantity of money is $4 billion and the velocity of circulation is 3, nominal GDP is

• A)$1.3 billion.
• B)$8 billion.
• C)$12 billion.
• D)$0.75 billion.
• E)$7 billion.

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