In 2005, the United Kingdom was at full employment. Nominal GDP was 800 billion, the nominal interest

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In 2005, the United Kingdom was at full employment. Nominal GDP was £800 billion, the nominal interest rate was 7 percent a year, the price level was 120, and the velocity of circulation was 2. What was the quantity of money in the United Kingdom?

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Foundations of Macroeconomics

ISBN: 978-0132831000

6th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Mar 04, 2016 07:43 AM

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In 2005, the United Kingdom was at full employment. Nominal GDP was 800 billion, the nominal interest

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Foundations of Macroeconomics

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