Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical
Section: Chapter Questions
Problem 11E
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![If nominal GDP is 2000 and the money supply is 360, then velocity is [a] (round to two decimal places).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa110a85c-97ba-47b4-bf47-a9145ef6030f%2F485856dd-b735-48f0-9ba2-137a046a5de2%2Fmltwhwk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If nominal GDP is 2000 and the money supply is 360, then velocity is [a] (round to two decimal places).
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