If nominal GDP equals $10 trillion and the velocity of circulation is 5, then
A) real GDP is $2 trillion.
B) the quantity of money is $50 trillion.
C) the quantity of money is $2 trillion.
D) the real value of the quantity of money is $10 trillion.
Correct Answer:
Verified
Q397: An increase in _ decreases the quantity
Q398: Q399: If real GDP decreases, the demand for Q400: A decrease in _ decreases the demand Q401: The quantity theory asserts that real GDP Q403: Suppose that the nominal quantity of money Q404: According to the quantity theory of money Q405: If nominal GDP is $10 trillion and Q406: Which of the following equations represents the Q407: If nominal GDP = $15 trillion and
A)
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