If nominal GDP is $400, real GDP is $200, and the money supply is $100, then a.
Question:
If nominal GDP is $400, real GDP is $200, and the money supply is $100, then
a. the price level is ½, and velocity is 2.
b. the price level is ½, and velocity is 4.
c. the price level is 2, and velocity is 2.
d. the price level is 2, and velocity is 4.
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Based on the given information heres what we can determine Price level 20 Velo...View the full answer
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