Multiple Choice
If the velocity of money is constant, then
A) a change in nominal GDP can be caused only by a change in the money supply.
B) a change in the money supply can be caused only by a change in the price level.
C) a change in the money supply is negatively related to a change in nominal GDP.
D) a change in the money supply would result in no change in nominal GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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