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    Macroeconomics Principles Applications
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    Exam 16: The Dynamics of Inflation and Unemployment
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    If the Velocity of Money Is 4 and Nominal GDP
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If the Velocity of Money Is 4 and Nominal GDP

Question 50

Question 50

Multiple Choice

If the velocity of money is 4 and nominal GDP is $24 trillion, then the money supply is


A) $28 trillion.
B) $20 trillion.
C) $6 trillion.
D) $0.167 trillion.

Correct Answer:

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