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Author Question: If the money supply is 250 billion and nominal GDP is 1 trillion, the velocity of money is: a. ... (Read 37 times)

Tirant22

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on: Jun 30, 2018
If the money supply is 250 billion and nominal GDP is 1 trillion, the velocity of money is:
 a. 0.25.
  b. 0.40.
  c. 2.50.
  d. 4.00.

Question 2

Sam is a musician who is out of work because electronic equipment replaced live musicians. This is an example of:
 a. frictional unemployment.
  b. cyclical unemployment.
  c. structural unemployment.
  d. involuntary unemployment.


zoeyesther

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

d

Answer to Question 2

c


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