Question:
Suppose nominal GDP equals 1,000 units and money supply equals 250 units. Based on the quantity theory of money, the velocity of money equals
Suppose nominal GDP equals 1,000 units and money supply equals 250 units. Based on the quantity theory of money, the velocity of money equals
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141
Updated On: Oct 1, 2024
- 40
- 4
- 2,50,000
- 500
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The Correct Option is B
Solution and Explanation
The correct answer is (B): 4
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