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    Economics A Contemporary Introduction
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    Exam 16: Monetary Theory and Policy
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    If the Money Supply Is $300,the Price Level Is $4,and
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If the Money Supply Is $300,the Price Level Is $4,and

Question 130

Question 130

Multiple Choice

If the money supply is $300,the price level is $4,and real GDP is $1,500,what is the nominal value of output?


A) $1,200
B) $4,500
C) $6,000
D) $180,000
E) $500

Correct Answer:

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