If nominal GDP is $500 billion,real GDP is $250 billion,and the nominal money stock is $100 billion,then velocity is
A) 2.
B) 2.5.
C) 5.
D) 10.
Correct Answer:
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Q48: Which of the following is true about
Q49: Which of the following is true about
Q50: Money demand is given by Mᵈ/ᴾ⁼ 1000
Q51: Velocity of money is
A)the ratio of nominal
Q52: Suppose the nominal money supply is 5000
Q54: Suppose velocity is 3,real output is 6000,and
Q55: Suppose velocity is constant at 3,real output
Q56: If real money demand increases 5%,and real
Q57: The asset market equilibrium condition indicates that
A)the
Q81: If the quantity of money demanded exceeds
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