If nominal GDP is $5,000 billion and the velocity of the M2 money supply is 5, what is the amount of the public's holding in the form of M2?
A) $500 billion
B) $1,000 billion
C) $1,500 billion
D) $2,000 billion
Ans: B) $1,000 billion
Economics
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A. payroll tax. B. personal income tax. C. corporate income tax. D. excise tax.
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