If nominal GDP is $300 billion and the velocity is 3, the stock of money is $900 billion.
Answer the following statement true (T) or false (F)
False
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What is the real interest rate if the nominal interest rate is 7 percent and the expected inflation rate is 7 percent?
A 95% confidence set for two or more coefficients is a set that contains
A) the sample values of these coefficients in 95% of randomly drawn samples. B) integer values only. C) the same values as the 95% confidence intervals constructed for the coefficients. D) the population values of these coefficients in 95% of randomly drawn samples.
Other things constant, an increase in the real GDP of a country will: a. increase the price level
b. shift the demand for money curve rightward. c. shift the demand for money curve leftward. d. decrease the nominal interest rate. e. decrease the quantity of money demanded.
Sketch a long-run production function with isoquants numbered so that the graph clearly shows increasing returns to scale over the entire range of production.
What will be an ideal response?