In the 1990s
A) growth of M1 was more stable than growth of nominal GDP, and velocity soared through most of the period.
B) growth of nominal GDP was more stable than growth of M1, and velocity soared through most of the period.
C) growth of M1 was more stable than growth of nominal GDP, and velocity plummeted through most of the period.
D) growth of nominal GDP was more stable than growth of M1, and velocity plummeted through most of the period.
B
You might also like to view...
Refer to the figure above. What is the equilibrium quantity of credit when the credit demand curve is CD2 and the credit supply curve is CS1?
A) $40 B) $50 C) $30 D) $20
Which of the following statement(s) is (are) false?
A) The slope of any indifference curve is the MRS. B) The slope of any budget line is negative and related to the ratio of the prices of the goods. C) The slope of any linear demand curve is the own-price elasticity. D) None of the above (that is, all statements are true).