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In 2008, Nominal GDP Was Equal to $14,265 Billion While

Question 109

Multiple Choice

In 2008, nominal GDP was equal to $14,265 billion while the M1 money supply was $1,423 billion. What was the velocity of the M1 money stock?

A) 1.0
B) 10.0
C) 1.8
D) 0.1

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