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    Principles of Macroeconomics
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    Exam 11: Monetary Policy and the Fed
  5. Question
    If the Velocity of Money Is Constant, Then Nominal GDP
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If the Velocity of Money Is Constant, Then Nominal GDP

Question 128

Question 128

True/False

If the velocity of money is constant, then nominal GDP can change only if there is a change in the money supply.

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