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    Economics Principles and Policy Study Set 2
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    Exam 31: The Debate Over Monetary and Fiscal Policy
  5. Question
    In 2009, Nominal GDP Was $14,050 Billion and M<sub>1</sub> Was
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In 2009, Nominal GDP Was $14,050 Billion and M1 Was

Question 32

Question 32

Multiple Choice

In 2009, nominal GDP was $14,050 billion and M1 was $1,587 billion.Velocity was


A) 0.11.
B) 8.85.
C) 11.30.
D) 14.25.

Correct Answer:

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