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    Exam 19: Current Issues in Macro Theory and Policy
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    If Nominal GDP Is $848 Billion and the Velocity of Money
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If Nominal GDP Is $848 Billion and the Velocity of Money

Question 271

Question 271

Multiple Choice

If nominal GDP is $848 billion and the velocity of money is 4, then the


A) money supply is $170 billion.
B) money supply is $212 billion.
C) consumer price index is 340.
D) average level of prices is $170 billion.

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