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-Refer to the Graph Above to Answer This Question

Question 96

Multiple Choice

-Refer to the graph above to answer this question.Suppose that the economy is in equilibrium and each dollar held for transactions purposes is spent on average four times per year,what can we infer from this? A) That nominal GDP is $800. B) That real GDP is $1,000. C) That the money supply is $800. D) That nominal GDP is $400.
-Refer to the graph above to answer this question.Suppose that the economy is in equilibrium and each dollar held for transactions purposes is spent on average four times per year,what can we infer from this?


A) That nominal GDP is $800.
B) That real GDP is $1,000.
C) That the money supply is $800.
D) That nominal GDP is $400.

Correct Answer:

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