According to the equation of exchange, nominal GDP equals
A) the amount of actual money balances divided by the income velocity of money.
B) the price level divided by the income velocity of money.
C) the amount of actual money balances times the income velocity of money.
D) the price level times the income velocity of money.
C
Economics
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The present value of receiving $200 one year from now when the prevailing rate of interest is 8 percent is
a. $192 b. $185.19 c. $200 d. $208 e. $160
Economics
The federal funds rate is the interest rate paid when
a. the Federal Reserve makes loans to member banks. b. taxpayers pay overdue taxes. c. one bank borrows reserves from another bank. d. banks make loans to the federal government. e. the federal debt is refinanced.
Economics