Consider the following data: The money supply is $1 trillion, the price level equals 2, and real

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Consider the following data: The money supply is $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. What is the income velocity of money?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:44 PM

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Consider the following data: The money supply is $1 trillion, the price level equals 2, and real

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Calculation of income velocity of money Formula M s V PY Where MS money supp...View the full answer

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