If velocity is equal to 4, this means that
A) the rate of growth of the money supply is 4.
B) an increase in the money supply will lead to an increase in aggregate supply of 4.
C) each dollar of the money supply is spent on the average 4 times per year.
D) for every 4 dollars of the money supply, nominal GDP will increase by 4.
Question 2
According to the theory based on rational expectations and flexible wages and prices,
A) only the combination of discretionary fiscal policy and conservative monetary policy can affect real GDP in the long run.
B) neither fiscal nor monetary policy influence real GDP in the long run.
C) fiscal policy has less effect on real GDP than monetary policy in the long run.
D) monetary policy has less effect on real GDP than fiscal policy in the long run.
An overview of the process of primary and secondary growth in a woody stem.
Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea
Rate of Residential Change, Past Year, in the United States
Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction.
Selected Factors Affecting the Release of Growth Hormone
Determine the nominal annual rate of interest of the following ordinary general annuity.