Multiple Choice
Use the following to answer questions:
Suppose that the money supply is equal to $10 billion and the velocity of money is 6.
-(Scenario: The Quantity Theory of Money) Refer to Scenario: The Quantity Theory of Money.If the aggregate price level is 4,then the real GDP is:
A) $60 billion.
B) $30 billion.
C) $20 billion.
D) $15 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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