Author Question: Nominal GDP is 9.6 million dollars, real GDP is 9 million, and velocity is 1.2. The quantity of ... (Read 216 times)

Medesa · **on:** Jun 29, 2018

Nominal GDP is 9.6 million dollars, real GDP is 9 million, and velocity is 1.2. The quantity of money is ________ million.

A) 10.8 B) 12 C) 7.5 D) 8 E) 11.52

Question 2

If the dollar falls from 1.25 euros to 1.00 euro, then the dollar has ________ and the euro has ________.

A) depreciated; depreciated
B) depreciated; appreciated
C) appreciated; appreciated
D) shrunk; grown
E) appreciated; depreciated