Question
Can you assist me with this study question: Given the following conditions, M = $500, V = 3, Y = 20, what is the value
Can you assist me with this study question:
Given the following conditions, M = $500, V = 3, Y = 20, what is the value of nominal GDP?
The equation is MV=PY. Is nominal GDP the same as MV? I thought nominal GDP would be PY?
Thank you
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
