If the money supply increased by 4 percent and velocity increased ...

[stephzh]

If the money supply increased by 4 percent and velocity increased by 4 percent:
 a. nominal GDP would not change.
 b. nominal GDP would increase by 1 percent.
  c. nominal GDP would increase by 4 percent.
  d. nominal GDP would increase by 8 percent.

Question 2

A country with a low living standard can save easily.
 a. True
  b. False
  Indicate whether the statement is true or false

[leahm14]

Answer to Question 1

d

Answer to Question 2

False

[stephzh]

Thanks for the timely response, appreciate it

[epscape]

Gracias!