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Author Question: If V falls faster than M increases: a. nominal GDP increases. b. nominal GDP decreases. c. nominal ... (Read 41 times)

Mollykgkg

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on: Jun 30, 2018
If V falls faster than M increases:
 a. nominal GDP increases.
 b. nominal GDP decreases.
 c. nominal GDP stays the same.
 d. there is an indeterminate effect on nominal GDP.

Question 2

When trying to determine the standard of living in a given country, it is not important to observe its income distribution, because what we are interested in is the income per person in the economy.
 a. True
  b. False
  Indicate whether the statement is true or false


jxjsniuniu

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  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


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