Author Question: In order to determine the velocity of money, we need to know: a. the money supply and the price ... (Read 112 times)

bcretired · **on:** Jun 30, 2018

In order to determine the velocity of money, we need to know:
a. the money supply and the price level.
b. nominal GDP and real GDP.
c. the money supply and nominal GDP.
d. the interest rate and nominal GDP.

Question 2

Other things equal, if the labor input grows faster than total output, total factor productivity falls.
a. True
b. False
Indicate whether the statement is true or false