Solved

GDP Is $2,000 Billion, the GDP Deflator Is 100 a Price

Question 78

Multiple Choice

GDP is $2,000 billion, the GDP deflator is 100 a price level of 1) , and the velocity of circulation is 5.The quantity of money is

A) $20 billion.
B) $2,000 billion.
C) $10,000 billion.
D) $400 billion.
E) $500 billion.

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