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    Macroeconomics Study Set 39
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    Exam 5: Inflation: Its Causes, Effects, and Social Costs
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    If the Quantity of Real Money Balances Is KY, Where
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If the Quantity of Real Money Balances Is KY, Where

Question 1

Question 1

Multiple Choice

If the quantity of real money balances is kY, where k is a constant, then velocity is:


A) k.
B) 1/k.
C) kP.
D) P/k.

Correct Answer:

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