Multiple Choice
If the money supply = $100 billion, nominal GDP = $400 billion, then the velocity of money is:
A) 0.67.
B) 1.5.
C) 2.
D) 4.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q48: Monetarists argue that velocity is reasonably predictable.
Q49: Classical economists traditionally believed that:<br>A) there are
Q50: The cash rate is the interest rate
Q51: A sharp fall in investment in Australia
Q52: According to monetarists:<br>A) money supply directly determines
Q54: The average number of times per year
Q55: Australia has experimented with policy based on
Q56: If the velocity of money is 3,
Q57: The time before information about the current
Q58: Under a fixed exchange rate system, an