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.


D

Economics

You might also like to view...

Investment in education in the HPAE was ________ in ________

A) low; primary schools B) high; primary schools C) low; primary and secondary schools D) high; primary and secondary schools E) high; university education

Economics

Economic variables that generally move in tandem with the overall phases of the business cycle are called:

A) leading indicators. B) coincident indicators. C) lagging indicators. D) none of the above.

Economics

Social Security is used to redistribute income.

A. True B. False C. Uncertain

Economics

A monopolistic firm will shut down if

A) P < ATC for every level of output. B) P > ATC for every level of output. C) P > AVC for every level of output. D) P < AVC for every level of output.

Economics