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According to the quantity theory of money, if the quantity of goods and services within the economy is $10,000b, velocity is 5and the money supply is $2,000b, then a. the price level is 0 b. the

According to the quantity theory of money, if the quantity of goods and services within the economy is $10,000b, velocity is 5and the money supply is $2,000b, then

a. the price level is 0

b. the price level is 100

c. nominal GDP is $50 000

d. the price level is 200

24. The principal decision-making body of the Fed is the

a. District Bank of NY

b. Board of Governors

c. Federal Open Market Committee

d. US Treasury.

Jul 03 2021 View more View Less

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