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Scenario: the Quantity Theory of Money Suppose That the Money

Question 118

Multiple Choice

Scenario: The Quantity Theory of Money Suppose that the money supply is equal to $10 billion and the velocity of money is 6. If the aggregate price level is 4, then the real GDP is:


A) $60 billion.
B) $30 billion.
C) $20 billion.
D) $15 billion.

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