Question: If nominal GDP is $1,200 billion and, on average, each dollar is spent three times in the economy over a year, then the quantity of

If nominal GDP is $1,200 billion and, on average, each dollar is spent three times in the economy over a year, then the quantity of money demanded for transactions purposes will be Multiple Choice 800 O 400 O 1,200 O 3.600 O 600

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