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According to the Equation of Exchange,if Real GDP Is $3

Question 120

Multiple Choice

According to the equation of exchange,if Real GDP is $3 trillion and the money supply is $0.5 trillion,then velocity

A) must be 6.
B) must be 1/6.
C) must be 4 trillion.
D) must be 1/4 trillion.
E) cannot be determined without knowing what the price level is.

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