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Suppose that velocity is 1.5, real output is $195 million, and the money supply is $556 million. Calculate nominal output according to the quantity theory
Suppose that velocity is 1.5, real output is $195 million, and the money supply is $556 million. Calculate nominal output according to the quantity theory of money. Enter your answer in millions of dollars, with no dollar sign. For instance if you answer is $5,159,753 then you will enter "5.16".
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