If Velocity Is Equal to 1, This Means That

Multiple Choice

If velocity is equal to 1, this means that

A) the rate of growth of the money supply is 1.
B) each dollar of the money supply is spent on the average one time per year.
C) for every 2 dollars of the money supply, nominal GDP will increase by 1.
D) an increase in the money supply will lead to an increase in aggregate supply of 1.