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Using the Quantity Equation, If M_t = $1,000, P_t =

Question 39

Multiple Choice

Using the quantity equation, if M_t = $1,000, P_t = 1.1, and V_t= 11, then real GDP is:

A) $100,000
B) $0.01
C) $100
D) $909.19
E) $826.45

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