3. Suppose that the money supply is $1 trillion and money velocity is 4. Then the equation...
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3. Suppose that the money supply is $1 trillion and money velocity is 4. Then the equation of exchange would predict nominal GDP to be: LO19.1
a. $1 trillion.
b. $4 trillion.
c. $5 trillion.
d. $8 trillion.
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Related Book For 
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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