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If the Money Supply Rises from $600 Billion to $800

Question 59

Multiple Choice

If the money supply rises from $600 billion to $800 billion and nominal GDP stays unchanged at $4,800 billion, then the income velocity of money

A) rises by 33 percent.
B) falls by 33 percent.
C) rises from 6 to 8.
D) falls from 8 to 6.

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