If the Velocity of the M1 Money Supply Is 4

question 204

Multiple Choice

If the velocity of the M1 money supply is 4 and nominal GDP is $200 billion,the stock of money in circulation must be

• A)$25 billion.
• B)$50 billion.
• C)$100 billion.
• D)$800 billion.

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Definitions:

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An American political scientist and diplomat who served as the 66th United States Secretary of State, and was the first African American woman to hold the post.

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