Multiple Choice
According to the equation of exchange,if the amount of money in an economy multiplied by the velocity of money equals 800 million dollars,then this economy's:
A) real GDP equals $800 million.
B) nominal GDP equals $800 million.
C) real GDP equals $800 million times the price level.
D) nominal GDP equals $800 million times the price level.
E) price level equals $800.
Correct Answer:

Verified
Correct Answer:
Verified
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