Author Question: If M increases and V decreases: a. nominal GDP increases. b. nominal GDP decreases. c. nominal GDP ... (Read 89 times)

jasdeep_brar

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If M increases and V decreases:
 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

Per capita real GDP is obtained by dividing real GDP by the number of people active in the labor force.
 a. True
  b. False
  Indicate whether the statement is true or false



diesoon

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Answer to Question 1

d

Answer to Question 2

False



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