6. Real GDP is $15 trillion, nominal GDP is $24 trillion, M1 is $5.5 trillion and M3...

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6. Real GDP is $15 trillion, nominal GDP is $24 trillion, M1 is $5.5 trillion and M3 is $8.5 trillion. LO 9.4 EASY a)Find velocity for M1 and for M3. b)Show that the quantity equation holds for both M1 and M3.

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PRINCIPLES OF MACROECONOMICS

ISBN: 9781684512249

5th Edition

Authors: Ben Bernanke Et Al

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Question Posted: Nov 11, 2024 12:00 PM

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6. Real GDP is $15 trillion, nominal GDP is $24 trillion, M1 is $5.5 trillion and M3...

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PRINCIPLES OF MACROECONOMICS

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