If M increases and V decreases: a. nominal GDP increases. b. ...

[jasdeep_brar]

If M increases and V decreases:
 a. nominal GDP increases.
 b. nominal GDP decreases.
 c. nominal GDP stays the same.
 d. there is an indeterminate effect on nominal GDP.

Question 2

Per capita real GDP is obtained by dividing real GDP by the number of people active in the labor force.
 a. True
  b. False
  Indicate whether the statement is true or false

[diesoon]

Answer to Question 1

d

Answer to Question 2

False