Velocity of money is the ratio of ________. A) real GDP to ...

[hubes95]

Velocity of money is the ratio of ________.
 
  A) real GDP to money demand B) money supply to money demand
  C) nominal GDP to money supply D) nominal GDP to money demand

Question 2

When the government converted the highway from 4 lanes into 6 lanes, they claimed the capacity had increased by 50 percent.
 
  When the government switched the highway back from 6 lanes to 4 lanes, they claimed the capacity had been decreased by 33 percent. Had the government used the midpoint method, the percentage increase would have been ________ percent and the percentage decrease would have been ________ percent.
  A) 50; 50 B) 33; 33 C) 33; 50 D) 40; 40

[coyin]

Answer to Question 1

C

Answer to Question 2

D

[hubes95]

Thanks for the timely response, appreciate it

[amit]

Excellent