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    Exam 15: Monetary Theory and Policy.
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    If the Velocity of Money Is 10 and Nominal GDP
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If the Velocity of Money Is 10 and Nominal GDP

Question 70

Question 70

Multiple Choice

If the velocity of money is 10 and nominal GDP is $1,000, then money supply is _____


A) $1.
B) $10.
C) $100.
D) $500.
E) $1,000.

Correct Answer:

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