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If Money Supply Is $800 Billion and Nominal GDP Is

Question 201

Multiple Choice

If money supply is $800 billion and nominal GDP is $2 trillion, then the average number of times that money is spent and changes hands is

A) 2.5 times per year.
B) 2 times per year.
C) 1.6 times per year.
D) 16 times per year.

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