Multiple Choice
According to the equation of exchange,if the amount of money in the economy of Monetania times the velocity of money equals 800 million Monetanian dollars ($) ,then Monetania's
A) real GDP equals $800 million
B) nominal GDP equals $800 million
C) real GDP equals $800 million times the price level
D) nominal GDP equals $800 million times the price level
E) price level equals 8 Monetanian dollars
Correct Answer:
Verified
Correct Answer:
Verified
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