2. According to the quantity theory of money, if nominal GDP is $400, real GDP is $200,...

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2. According to the quantity theory of money, if nominal GDP is $400, real GDP is $200, and the money supply is $100, then which of the following is correct?

a. the price level is 1/2, and velocity is 2

b. the price level is 1/2, and velocity is 4

c. the price level is 2, and velocity is 2

d. the price level is 2, and velocity is 4

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