A nominal GDP rule says _____ should always grow at a constant rate. A) M B) Mv C) P D) Y_R

Name: A nominal GDP rule says _____ should always grow at a constant rate. A) M B) Mv C) P D) Y R
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Question

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A nominal GDP rule suggests that the product of money supply (M) and velocity of money (v), which equals nominal GDP, should grow at a constant rate. This is because nominal GDP is the product of the money supply and its velocity (Mv).

A Nominal GDP Rule Says _____ Should Always Grow at a Constant