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    Macroeconomics Study Set 12
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    Exam 10: The Goals of Stabilization Policy: Low Inflation and Low Unemployment
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    The "Quantity Equation" States That Nominal GDP Is Equal by the Definition
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The "Quantity Equation" States That Nominal GDP Is Equal by the Definition

Question 6

Question 6

Multiple Choice

The "quantity equation" states that nominal GDP is equal by the definition of velocity to the money supply ________ velocity.


A) plus
B) minus
C) multiplied by
D) divided by

Correct Answer:

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