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The quantity of money is $1 billion, the price level is 1.10, and real GDP is $10 billion.What is the velocity of money?
Disintegration of the Soviet Union
The process that led to the dissolution of the Soviet Union in 1991, resulting in the independence of its 15 republics.
End of the Cold War
The period from the late 1980s through the early 1990s marked by a thaw in relations between the Soviet Union and the United States, leading to the eventual dissolution of the Soviet Union in 1991.
Mikhail Gorbachev
The last leader of the Soviet Union, known for his reforms (Perestroika and Glasnost) which aimed to modernize the Soviet economy and society.
Central America
A region located in the southern tip of North America, comprising seven countries between Mexico and South America.
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