Multiple Choice
If the amount of money in circulation is $180 billion and the value of the economy's total output is $540 billion, then the
A) circulation period of money must be one-fourth of a year.
B) velocity of money is 4.
C) average price per final good sold is $3.
D) velocity of money is 3.
Correct Answer:
Verified
Correct Answer:
Verified
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