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If the Money Supply Is $1,000,the Price Level Is 3,and

Question 67

Multiple Choice

If the money supply is $1,000,the price level is 3,and real income (or output) is $5,000,then the velocity of money is _____.

A) 0.2
B) 0.6
C) 1.67
D) 5
E) 15

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