Business, 10.03.2020 05:59 Dmgirl123

The quantity of money is $5 trillion, real GDP is $10 trillion, the price level is 0.9, the real interest rate is 3 percent a year, and the nominal interest rate is 7 percent a year. Calculate the velocity of circulation, the value of M × V, and nominal GDP.

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The quantity of money is $5 trillion, real GDP is $10 trillion, the price level is 0.9, the real int...