McqMate
| Q. |
Suppose that the money stock is $10 billion, each dollar generates $ 5worth of spending, and the NAIRU is 7%. According to the quantity theory of what is nominal GDP (income) |
| A. | $ 350 million |
| B. | $ 70 million |
| C. | $ 35 million |
| D. | $ 50 million |
| Answer» D. $ 50 million | |
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