Multiple Choice
What is the impact on GDP if M is constant and V decreases?
A) real GDP increases
B) nominal GDP decreases
C) real GDP decreases
D) nominal GDP increases
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q51: What is the relationship between inflation and
Q52: If policies of the Bank of Canada
Q53: What does P x Q represent in
Q54: Which of the following best describes the
Q55: In the equation of exchange,when will velocity
Q57: What effect would a combination of an
Q58: When the Bank of Canada purchases government
Q59: What effect would a combination of an
Q60: How would the Bank of Canada use
Q61: If the velocity of money increases from