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    Principles of Economics Study Set 11
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    Exam 21: The Price Level and Inflation
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    In the Equation M * V =P *Y,the Variable Y
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In the Equation M * V =P *Y,the Variable Y

Question 48

Question 48

Multiple Choice

In the equation M * V =P *Y,the variable Y stands for


A) the price level.
B) the size of the money supply.
C) the rate of inflation.
D) nominal GDP.
E) real GDP.

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