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    Economics Principles and Policy Study Set 1
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    Exam 32: The Debate Over Monetary and Fiscal Policy
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    The Most Common Estimate of the Value of Transactions Used
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The Most Common Estimate of the Value of Transactions Used

Question 103

Question 103

Multiple Choice

The most common estimate of the value of transactions used to estimate velocity is


A) real GDP.
B) total sales.
C) nominal GDP.
D) cash balances.

Correct Answer:

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