Nominal GDP is $9.6 million dollars, real GDP is $9 million, and velocity is 1.2. The quantity of money is ________ million
A) $10.8 B) $12 C) $7.5 D) $8 E) $11.52
D
Economics
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Long-run equilibrium under monopolistic competition and perfect competition is similar in that
A) price equals marginal revenue. B) price equals marginal cost. C) firms produce at the minimum point of their average cost curves. D) firms break even.
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The rise of the tertiary sector is positively associated with modernization and economic development
Indicate whether the statement is true or false
Economics