The velocity of circulation is equal to
A) the quantity of money divided by nominal GDP.
B) the quantity of money divided by the price level and then multiplied by real GDP.
C) the price level multiplied by the quantity of money.
D) the price level divided by real GDP.
E) nominal GDP divided by the quantity of money.
Correct Answer:
Verified
Q95: The--------------------real GDP, the --------------------
A)larger; larger the
Q96: Q97: Assume you have a credit card balance Q98: Suppose nominal GDP is $2,000 a year Q99: The quantity of money demanded is Q101: Suppose that the price level does not Q102: The--------------------the nominal interest rate, the--------------------is the quantity Q103: In the long run, what determines the Q104: Which statement most accurately describes the effect Q105: As the economy enters a strong expansion
A)the money
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