If nominal gdp is $1,200 billion and, on average, each dollar is spent five times in the economy over a year, then the quantity of money demanded annually for transactions purposes will be.

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Stario2089 Stario2089

01-12-2022
Business

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If nominal gdp is $1,200 billion and, on average, each dollar is spent five times in the economy over a year, then the quantity of money demanded annually for transactions purposes will be.

Sagot :

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If nominal gdp is $1,200 billion and, on average, each dollar is spent five times in the economy over a year, then the quantity of money demanded annually for transactions purposes will be.

Sagot :

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