If nominal GDP = $900 billion and the public holds $300 billion in M2, then the velocity of the M2 money supply is
A) 1.
B) 2.
C) 3.
D) 4.
Ans: C) 3.
Economics
You might also like to view...
In the above figure, the market is at its equilibrium. Area B is equal to
A) consumer surplus. B) total revenue. C) marginal benefit. D) producer surplus. E) total surplus.
Economics
Mortgage-backed securities are groups of mortgages that are bundled together and sold to investors
Indicate whether the statement is true or false
Economics