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Author Question: If the money supply increased by 4 percent and velocity increased by 4 percent: a. nominal GDP ... (Read 81 times)

stephzh

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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


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leahm14

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

d

Answer to Question 2

False


stephzh

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  • Posts: 556
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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