Author Question: If the money supply increased by 4 percent and velocity increased by 4 percent: a. nominal GDP ... (Read 80 times)

stephzh · **on:** Jun 30, 2018

If the money supply increased by 4 percent and velocity increased by 4 percent:
a. nominal GDP would not change.
b. nominal GDP would increase by 1 percent.
c. nominal GDP would increase by 4 percent.
d. nominal GDP would increase by 8 percent.

Question 2

A country with a low living standard can save easily.
a. True
b. False
Indicate whether the statement is true or false