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Refer to the Given Market-For-Money Diagrams

Question 271

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Refer to the given market-for-money diagrams. If each dollar held for transactions is spent four times per year on the average, we can infer that A) real GDP is $800. B) nominal GDP is $800. C) the money supply must be $800. D) nominal GDP is $1,200. Refer to the given market-for-money diagrams. If each dollar held for transactions is spent four times per year on the average, we can infer that


A) real GDP is $800.
B) nominal GDP is $800.
C) the money supply must be $800.
D) nominal GDP is $1,200.

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