Multiple Choice
If the money stock grows by 13 percent, and during that same time nominal GDP grows by 3.3 percent, what can we deduce happens to velocity during this period?
A) We cannot tell without knowing what happened to prices.
B) It remained constant.
C) It rose.
D) It fell.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Suppose the money supply is $100 billion
Q41: Refer to the graph shown. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7143/.jpg"
Q42: In Zimbabwe, inflation rose from an annual
Q43: Suppose a country has a velocity of
Q44: Policy makers:<br>A)like inflation because it allows individuals
Q46: In Zimbabwe, inflation rose from an annual
Q47: Unemployment will be at its target rate
Q48: Consider the following Phillips curve diagram: <img
Q49: Assuming velocity is constant, the rate of
Q50: The short-run Phillips curve shifts around because