Solved

If the Money Supply Is $2 Trillion and Velocity Is

Question 37

Multiple Choice

If the money supply is $2 trillion and velocity is 5,then nominal GDP is

A) $1 trillion.
B) $2 trillion.
C) $5 trillion.
D) $10 trillion.

Related Questions

Q32: The absence of money illusion means that<br>A)as

Q33: In one of the earliest studies on

Q34: In a liquidity trap,monetary policy has _

Q35: Keynes hypothesized that the precautionary component of

Q36: If the deficit is financed by selling

Q38: Keynes's model of the demand for money

Q39: If initially the money supply is $1

Q40: The velocity of money is defined as<br>A)real

Q41: Cutting the money supply by one-third is

Q42: The portfolio theories of money demand state