Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals
A) 10.
B) 5.
C) 8.
D) 1/5.
E) 2.
Correct Answer:
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A)larger; larger the
Q96: Q97: Assume you have a credit card balance Q99: The quantity of money demanded is Q100: The velocity of circulation is equal to 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
A)the money
A)the
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