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Author Question: If nominal GDP is 7 trillion, and the money supply is 2 trillion, then what is the velocity of ... (Read 165 times)

itsmyluck

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on: Jun 30, 2018
If nominal GDP is 7 trillion, and the money supply is 2 trillion, then what is the velocity of money?
 a. 14.
  b. 7.
  c. 3.5.
  d. 2.

Question 2

When people become unemployed because of a higher minimum wage, this type of unemployment is called:
 a. frictional.
  b. structural.
  c. cyclical.
  d. abnormal.


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kjohnson

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

c

Answer to Question 2

b


itsmyluck

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
:D TYSM

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