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NYC NYC
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8 years ago
Suppose that the stock of money is $250 billion and nominal GDP is $1,000 billion. The income velocity of money is:
A) 0.25.
B) 1,250.
C) 4.
D) 5.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Good answer, thanks.
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