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    Principles of Economics Study Set 1
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    Exam 22: Money Prices and the Federal Reserve
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    If M Stands for the Money Stock, P for the Price
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If M Stands for the Money Stock, P for the Price

Question 98

Question 98

Multiple Choice

If M stands for the money stock, P for the price level, and Y for real GDP, then velocity, V, equals:


A) (P × Y) /M.
B) (P × M) / Y.
C) (M × Y) / P.
D) (M × P) / Y.

Correct Answer:

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