Suppose that the nominal money supply equals $2 billion and nominal GDP is $16 billion. Then, according to the equation of exchange, the velocity of money equals 8

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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Answer the following statement true (T) or false (F)

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According to Chapter 1 of the Undercover Economist, the real explanation for why coffee is relatively expensive outside of a Washington DC subway stop is presented as

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Economics