In a dynamic model of money, if money supply and trend output is constant over time
A. nominal supply of money will increase, while nominal demand for money will be constant.
B. nominal supply of money will decrease, while nominal demand for money will be constant.
C. nominal supply of money will be constant, while nominal demand for money will decrease.
D. both the nominal supply of money and nominal demand for money will be constant.
Answer: D
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a) 1.28%
b) 1.49%
c) 1.52%
d) 1.64%
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Indicate whether the statement is true or false