Solved

If the Money Supply Is $500 and Nominal Income Is

Question 70

Multiple Choice

If the money supply is $500 and nominal income is $4,000,the velocity of money is

A) 1/20.
B) 1/8.
C) 8.
D) 20.

Related Questions

Q65: Keynes's theory of the demand for money

Q66: The classical economists believed that if the

Q67: According to the quantity theory of money

Q68: If nominal GDP is $10 trillion,and the

Q69: Because Treasury bills pay a higher return

Q71: Keynes's theory of the demand for money

Q72: If the deficit is financed by selling

Q73: Describe what the liquidity trap is. Explain

Q74: Financing government spending with taxes<br>A)causes both reserves

Q75: If initially the money supply is $2