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 nominal GDP is:
A) $15 billion.
B) $60 billion.
C) $20 billion.
D) $10 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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