In order to determine the velocity of money, we need to know:
a. the money supply and the price level.
b. nominal GDP and real GDP

Which of the following officially ended the cooperation between the Treasury and the Fed that had taken place during World War 2?

A) Truman doctrine B) Federal Reserve Act of 1951 C) Dodd-Frank Act D) Treasury-Federal Reserve Accord

By 2011, how much had U.S. housing prices declined from their peak in 2006?

A) 2 percent B) 33 percent C) 40 percent D) 50 percent