Multiple Choice
If the velocity of money is 3, nominal GDP is $300 billion, then the supply of money is:
A) $100 billion.
B) $50 billion.
C) $2500 billion.
D) $2 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q51: A sharp fall in investment in Australia
Q52: According to monetarists:<br>A) money supply directly determines
Q53: If the money supply = $100 billion,
Q54: The average number of times per year
Q55: Australia has experimented with policy based on
Q57: The time before information about the current
Q58: Under a fixed exchange rate system, an
Q59: According to monetarists:<br>A) if the money supply
Q60: The effect of an increase in interest
Q61: The RBA abandoned targeting the money supply