If a constant-growth-rate-of-money policy is to achieve constant growth of nominal GDP, velocity
A) does not matter since the money supply is growing steadily.
B) must grow at a steady and predictable rate.
C) must be constant.
D) must shrink over time at the same rate as money grows.
B
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Suppose we observe the following sequence of production and exchange: sand is used to make silicon; silicon is used to make silicon chips; silicon chips are used to make computers; computers are sold to retailers; retailers sell those computers to
consumers. Which represents the purchase of a final good? A) The retailer's purchase of computers B) The consumer's purchase of computers C) Both A and B above. D) None of the above.
A liquidity provider is someone who:
A. helps make a market more liquid by being always ready to buy or sell an asset. B. works at a bank and specializes in loans. C. works in the financial system. D. invest in the economy.
An increase in interest rates by banks is an example of a monetary policy
a. True b. False Indicate whether the statement is true or false
The year that had the most disruptive strikes was
A. 1929. B. 1933. C. 1946. D. 1973.