The ratio of nominal GDP to the stock of money is the
A. velocity of money.
B. real GDP.
C. money multiplier.
D. GDP deflator.
Answer: A
You might also like to view...
An adverse supply shock causes the short-run aggregate supply curve to shift left, increasing the price level
Indicate whether the statement is true or false
A nation's trade deficit will tend to shrink when its
a. economy is expanding. b. economy is shrinking. c. investment environment is attractive to foreigners. d. economy is growing at a normal rate.
Market economies have been successful in leading to economic growth because they have:
A. allowed companies that pollute to avoid paying any penalty for doing so. B. taken advantage of increased government subsidies. C. channeled individual efforts toward production and growth. D. ignored private property rights.
The introduction of a new technology that raises the marginal product of new capital will:
A. decrease real interest rates and increase the equilibrium quantity of saving supplied and demanded. B. increase real interest rates and decrease the equilibrium quantity of saving supplied and demanded. C. decrease real interest rates and the equilibrium quantity of saving supplied and demanded. D. increase real interest rates and the equilibrium quantity of saving supplied and demanded.