If the Money Supply Is $100 and the Nominal GDP

question 157

Multiple Choice

If the money supply is $100 and the nominal GDP is $1,000, then the velocity of money _____

• A) equals 10.
• B) equals 4.
• C) equals 5.
• D) cannot be determined since we do not know anything about prices.
• E) cannot be determined since we do not know anything about real GDP.

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Definitions:

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A condition marked by abnormally low blood pressure.

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Upper Lobe

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