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

question 110

Multiple Choice

According to the equation of exchange,if the amount of money in the economy of Monetania times the velocity of money equals 800 million Monetanian dollars ($) ,then Monetania'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 8 Monetanian dollars

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