If both nominal and real GDP are increasing when the money supply is constant, than we can conclude that
A) velocity has increased. B) interest rate has fallen.
C) velocity has decreased. D) interest rate has increased.
A
Economics
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Suppose a bank has $8 million in deposits and a reserve ratio of 20 percent. Its required reserves are
A) $40,000. B) $400,000. C) $1,600,000. D) $16,000,000.
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"The federal budget is required by law to balance." Is the previous statement correct or incorrect?
What will be an ideal response?
Economics