Velocity can be calculated as the ratio of:
A) nominal GDP to real GNP.
B) nominal GDP to the money supply.
C) real GDP to the price level.
D) the money supply to the price level.
Correct Answer:
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Q65: Suppose that real output is fixed and
Q66: According to the quantity theory of money,
Q67: According to the quantity theory of money,
Q68: If the velocity of money is about
Q69: If inflation was 3 percent last year
Q71: If the velocity of money falls from
Q72: If productivity growth is 2 percent and
Q73: Suppose the U.S. money supply increases from
Q74: According to the quantity theory:
A)unemployment is everywhere
Q75: The quantity theory of money implies that
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