If nominal GDP is $400, real GDP is $200, and the money supply is $100, then...

a. the price level is ½, and velocity is 2.

b. the price level is ½, and velocity is 4.

c. the price level is 2, and velocity is 2.

d. the price level is 2, and velocity is 4.

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Divya SinghLv10

16 Oct 2020

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