Suppose this year’s money supply is $100, nominal GDP is $1500, and real GDP is $500....

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Suppose this year’s money supply is $100, nominal GDP is $1500, and real GDP is $500....

Suppose this year’s money supply is $100, nominal GDP is $1500, and real GDP is $500.

What is the price level?

What is the velocity of money?

What does this velocity of money mean?

business economics

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Suppose this year’s money supply is $100, nominal GDP is $1500, and real GDP is $500....

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