The ratio of nominal GDP to the money supply is the:

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The ratio of nominal GDP to the money supply is a measure of how quickly money is changing hands in the economy, and this measure is known as the velocity of money. The money multiplier is a measure of how much the money supply will increase in response to a change in reserves, the GDP deflator is a measure of price levels in the economy, and real GDP is a measure of the output of goods and services in the economy after inflation has been accounted for.

The Ratio of Nominal GDP to the Money Supply Is