If real GDP is $4 billion, the price level is 1.25, and the nominal money stock is $500 million, then velocity is
(a) 0.1.
(b) 1.
(c) 10.
(d) 100.
Answer: C
If real GDP is $4 billion, the price level is 1.25, and the nominal money stock is $500 million, then velocity is
(a) 0.1.
(b) 1.
(c) 10.
(d) 100.
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.