Question
2003, the United Kingdom economy was at full employment. Nominal GDP was 900 billion, the nominal interest rate was 8 percent a year, the price
2003, the United Kingdom economy was at full employment.
Nominal GDP was
900 billion, the nominal interest rate was
8 percent a year, the price level was
130, and the velocity of circulation was constant at
7.
The quantity of money in the United Kingdom in
2003 is ______.
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
