Multiple Choice
Use the following to answer questions :
Scenario: The Velocity Equation
Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.
-(Scenario: The Velocity Equation) Look at the scenario The Velocity Equation. If the money supply is $5 trillion, then the velocity of money is:
A) 5.
B) 8.
C) 4
D) 10.
Correct Answer:
Verified
Correct Answer:
Verified
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