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A country's gross domestic product (GDP) is $48 billion and its money supply (MS) is $12 billion. (a) What is the country's velocity of money

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A country's gross domestic product (GDP) is $48 billion and its money supply (MS) is $12 billion. (a) What is the country's velocity of money (VM)? VM (b). eTextbook and Media Save for Later GDP Attempts: 0 of 2 used If the MS stays at the same level next year while the velocity of money "turns over" 8.0 times, what would be the level of GDP? (Enter in billion. Round answer to 2 decimal places, e.g. 527.52.) billion Submit

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