According to the Equation of Exchange,if GDP Equals $4 Trillion

question 104

Multiple Choice

According to the equation of exchange,if GDP equals $4 trillion and the money supply equals $1 trillion,the velocity of money

• A)must be 0.25.
• B)must be 4.
• C)must be 0.25 trillion.
• D)must be 4 trillion.
• E)cannot be determined without knowing what the price level is.

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