Multiple Choice
If the quantity of money is $4 trillion and nominal GDP is $8 trillion, velocity is
A) 0.5.
B) 2.
C) $32 trillion.
D) not computable unless the value of the price level is given.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: During the 1980s, the velocity of M1<br>A)was
Q83: Money's convenience yield is<br>A)the nominal interest rate
Q84: The interest rate is a measure of<br>A)the
Q85: In the quantity theory of money demand,<br>A)velocity
Q86: According to Keynes, if the interest rate
Q87: What are substitutes for money in transactions
Q89: According to Friedman, the opportunity cost of
Q90: If the quantity of money is $1
Q91: The fact that in addition to being
Q92: When did Irving Fisher first develop the