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If the Money Supply Equals $1,000 and Nominal GDP Equals

Question 90

Multiple Choice

If the money supply equals $1,000 and nominal GDP equals $3,000,then V


A) equals 1/3
B) equals 3
C) equals 3 million
D) cannot be determined since we do not know anything about prices
E) cannot be determined since we do not know anything about real GDP

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