If the money supply is $600 and nominal income is $3,600,the velocity of money is
A) 1/60.
B) 1/6.
C) 6.
D) 60.
Correct Answer:
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Q12: If the money supply is $2 trillion
Q13: Velocity is defined as
A)P + M +
Q14: The velocity of money is defined as
A)real
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Q18: If nominal GDP is $10 trillion,and velocity
Q19: The average number of times that a
Q20: If the money supply is $600 and
Q21: For the classical economists,the quantity theory of
Q22: Fisher's quantity theory of money suggests that
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