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According to the Equation of Exchange,if GDP Equals $400 Billion

Question 96

Multiple Choice

According to the equation of exchange,if GDP equals $400 billion and the money supply equals $50 billion,the velocity of money

A) must be 8.
B) must be 4.
C) must be 0.8 billion.
D) must be 450 billion.
E) cannot be determined without knowing what the price level is.

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