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If real output in an economy is 1,500 goods per year , the money supply is $ 350 , and each dollar is spent an average of 3 times per year then

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If real output in an economy is 1,500 goods per year , the money supply is $ 350 , and each dollar is spent an average of 3 times per year then 5 points

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