[Answered] If nominal GDP is 7 trillion, and the money supply is 2 trillion, then what is the velocity of ...

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itsmyluck

Hero Member
Posts: 546

on: Jun 30, 2018

If nominal GDP is 7 trillion, and the money supply is 2 trillion, then what is the velocity of money?
a. 14.
b. 7.
c. 3.5.
d. 2.

Question 2

When people become unemployed because of a higher minimum wage, this type of unemployment is called:
a. frictional.
b. structural.
c. cyclical.
d. abnormal.

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kjohnson

Sr. Member
Posts: 330

Reply #1 on: Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

b

itsmyluck

Member
Posts: 546

Reply 2 on: Jun 30, 2018

Excellent

LegendaryAnswers

Member
Posts: 341

Reply 3 on: Yesterday

Gracias!

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