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If nominal GDP is $300 billion and the money supply is $20 billion, What must be the velocity? (b)If the money supply decreases and the velocity does not change, what will happen to nominal GDP?
15 years ago

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If nominal GDP is $300 billion and the money supply is $20 billion, What must be the velocity? (b)If the money supply decreases and the velocity does not change, what will happen to nominal GDP?

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