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    Macroeconomics Study Set 41
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    Exam 8: Money, the Price Level, and Inflation
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    Nominal GDP, PY, Is $7
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Nominal GDP, PY, Is $7

Question 550

Question 550

Multiple Choice

Nominal GDP, PY, is $7.5 trillion. The quantity of money is $3 trillion. The velocity of circulation is


A) 22.5.
B) 3.
C) 2.5.
D) 10.5.

Correct Answer:

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