Question
. 25. The money supply in Wakanda is $300 billion. Nominal GDP is $12 000 billion and real GDP is $600 billion. What is the
. 25. The money supply in Wakanda is $300 billion. Nominal GDP is $12 000 billion and real GDP is $600 billion. What is the velocity and price level in Wakanda? a. Velocity is 2 and the price level is 1. b. Velocity is 4 and the price level is 2. c. Velocity is 8 and the price level is 4. d. There is insufficient information to answer the question
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
