The velocity of money is the ratio of ________ to ________.
A. real GDP; the money demand
B. consumption; investment
C. the money supply; the asset demand for money
D. nominal GDP; the stock of money
Answer: D
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The amount of time during which at least one input cannot be adjust is the
A. length of the long-run period. B. length of the short-run period. C. time period when all costs are fixed. D. end of the firm’s operations.
If the multiplier is 6 and exports decrease by $30, what impact will that have on aggregate expenditure? Aggregate expenditure will
a) increase by $30 b) increase by $180 c) decrease by $30 d) decrease by $180
How many members can serve on the Board of Governors of the Federal Reserve System?
A. 7 B. 9 C. 12 D. 14
When gross private domestic investment exceeds depreciation, it can be concluded that:
A. Net investment is positive B. Net investment is negative C. The economy is exporting more than it imports D. The economy is importing more than it exports