Using the Quantity Equation, If M_t = $1,000, P_t =

question 39

Multiple Choice

Using the quantity equation, if M_t = $1,000, P_t = 1.1, and V_t = 11, then real GDP is:

• A) $100,000
• B) $0.01
• C) $100
• D) $909.19
• E) $826.45

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