Multiple Choice
According to the equation of exchange, if the quantity of money is $4 billion and the velocity of circulation is 3, nominal GDP is
A) $12 billion.
B) $7 billion.
C) $1.3 billion.
D) $0.75 billion.
E) $8 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q26: During the 1990s, Canada had an average
Q27: An increase in the price level leads
Q28: From the 1970s to 2008, as a
Q29: The quantity of money is $1 billion,
Q30: If the nominal interest rate is less
Q32: The opportunity cost of holding money is
Q33: If a bond pays $50 a year
Q34: The relationship between the nominal interest rate,
Q35: An increase in the nominal interest rate
Q36: The opportunity cost of holding money is