According to the Equation of Exchange,if GDP Equals $400 Billion

question 96

Multiple Choice

According to the equation of exchange,if GDP equals $400 billion and the money supply equals $50 billion,the velocity of money

• A) must be 8.
• B) must be 4.
• C) must be 0.8 billion.
• D) must be 450 billion.
• E) cannot be determined without knowing what the price level is.

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