6 If the money supply is $500, the price level is 3.30, and the velocity of money...

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6 If the money supply is $500, the price level is 3.30, and the velocity of money is equal to 6, Q will be

, and nominal GDP will be___________.

a. 250; $1,500

b. 3,000; $9,000

c. 18; $54

d. 1,000; $3,000

e. 100; $3,000

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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