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Author Question: The velocity of circulation is equal to A) the price level multiplied by the quantity of money. ... (Read 118 times)

michelleunicorn

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on: Jun 29, 2018
The velocity of circulation is equal to
 
  A) the price level multiplied by the quantity of money.
  B) nominal GDP divided by the quantity of money.
  C) the quantity of money divided by the price level and then multiplied by real GDP.
  D) the quantity of money divided by nominal GDP.
  E) the price level divided by real GDP.

Question 2

According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
 
  A) private saving and public consumption.
  B) private and public investment.
  C) private consumption.
  D) private and public saving.
  E) government expenditure.


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lauravaras

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


michelleunicorn

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Reply #2 on: Jun 29, 2018
Thank you


lauravaras

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Reply #3 on: Jun 29, 2018
No problemo


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