1. An economy produces 50 widgets, which sell for $4 each, and has a money supply of...

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1. An economy produces 50 widgets, which sell for $4 each, and has a money supply of $100. The velocity of money is

a. 1/8.

b. 1/2.

c. 2.

d. 8.

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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