Velocity of money is
A) the ratio of nominal money stock to nominal GDP.
B) the ratio of nominal GDP to nominal money stock.
C) the nominal money stock multiplied by the nominal GDP.
D) the ratio of nominal money stock to real GDP.
Correct Answer:
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Q46: Suppose the real money demand function is
Q47: Suppose the real money demand function is
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
Q52: Suppose the nominal money supply is 5000
Q53: If nominal GDP is $500 billion,real GDP
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
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