Multiple Choice
If nominal GDP is $10 trillion,and the money supply is $2 trillion,velocity is
A) 0.2.
B) 5.
C) 10.
D) 20.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q63: Velocity is defined as<br>A)P + M +
Q64: In the early 1990s,M2 growth underwent a
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
Q69: Because Treasury bills pay a higher return
Q70: If the money supply is $500 and
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