Suppose that the money supply is $1 trillion and money velocity is 4. Then the equation of

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Suppose that the money supply is $1 trillion and money velocity is 4. Then the equation of exchange would predict nominal GDP to be:

a. $1 trillion.

b. $4 trillion.

c. $5 trillion.

d. $8 trillion.

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Macroeconomics

ISBN: 9781264112456

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Mar 02, 2024 01:00 PM

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Suppose that the money supply is $1 trillion and money velocity is 4. Then the equation of

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The answer is d 8 trillion The formula for the equation of exchange is M V P Q Where M is the money ...View the full answer

Macroeconomics

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