If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?

A) $12 trillion
B) $6 trillion
C) $3 trillion
D) $333 billion


A

Economics

You might also like to view...

A vertical demand curve has an elasticity of demand equal to zero.

Answer the following statement true (T) or false (F)

Economics

In the long run, firms in monopolistic competition produce at a level that is ________ the efficient scale of output

A) less than B) equal to C) more than D) All of the above are possible depending on market conditions.

Economics

The relative price of goods in two countries is known as the ________

A) nominal exchange rate B) real exchange rate C) domestic price level D) real interest rate

Economics

In a perfectly competitive labor market, the labor supply curve facing the firm will be

A) upward sloping. B) downward sloping. C) horizontal. D) vertical.

Economics