Author Question: If the velocity of the M1 money supply is 4 and nominal GDP is 200 billion, the stock of money in ... (Read 152 times)

SAVANNAHHOOPER23 · **on:** Jun 30, 2018

If the velocity of the M1 money supply is 4 and nominal GDP is 200 billion, the stock of money in circulation must be:
a. 25 billion.
b. 50 billion.
c. 100 billion.
d. 800 billion.

Question 2

Workers who may be between jobs are considered:
a. frictionally unemployed.
b. structurally unemployed.
c. cyclically unemployed.
d. unemployable.
e. discouraged workers.