According to the Equation of Exchange,if the Amount of Money

question 45

Multiple Choice

According to the equation of exchange,if the amount of money in an economy multiplied by the velocity of money equals 800 million dollars,then this economy's:

• A)real GDP equals $800 million.
• B)nominal GDP equals $800 million.
• C)real GDP equals $800 million times the price level.
• D)nominal GDP equals $800 million times the price level.
• E)price level equals $800.

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