The velocity of circulation is
A) average quantity of money that exists during a year.
B) equal to the price level multiplied by real GDP.
C) equal to the quantity of money multiplied by nominal GDP.
D) the average number of times a dollar bill is used in a year to buy the goods and services in GDP.
Correct Answer:
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Q407: If real GDP is $10 trillion and
Q408: If an economy has a velocity of
Q409: The equation of exchange becomes the same
Q410: When the velocity of circulation equals 4
Q411: If nominal GDP is $12 trillion, the
Q413: If nominal GDP = $15 trillion and
Q414: According to the quantity theory of money,
A)
Q415: The quantity theory asserts that real GDP
Q416: If V = 5, P = $3,
Q417: Suppose that M = 300, P =
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