Velocity is defined as
(a) nominal money stock/nominal GDP.
(b) nominal GDP/nominal money stock.
(c) real money stock/real GDP.
(d) mc
Answer: B
Velocity is defined as
(a) nominal money stock/nominal GDP.
(b) nominal GDP/nominal money stock.
(c) real money stock/real GDP.
(d) mc
Answer: B
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.