Consider a country in which real GDP is $8 trillion, nominal GDP is $10 trillion, Ml is

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Consider a country in which real GDP is $8 trillion, nominal GDP is $10 trillion, Ml is $2 trillion, and M2 is $5 trillion. (L06)
a. Find velocity for Ml and for M2.
b. Show that the quantity equation holds for both Ml and M2.
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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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