If the velocity of money is constant, then nominal GDP can change only if there is a change in the money supply.
a. true
b. false
Ans: a. true
Economics
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In the above figure, what is the amount of the tax per compact disc?
A) $10 B) $20 C) $30 D) $40
Economics
During the Federal Bank Holiday ordered by President Roosevelt and the week that followed it,
a. new supplies of gold were distributed to the banks. b. a national monetary commission was set up. c. the banks were inspected. d. actions were taken to take the US off the gold standard e. Both c and d are correct.
Economics