Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equalsO A. 2.О В. 8.O C. 5.O D. 10.O E. 1/5.Click to select your answer.javascript:doExercise(20);DII80000000escF5F6F7F2F3F4F124&@4568.2# 3

The velocity of circulation refers to the speed by which money circulates in the economy. It is…

Answered: Suppose nominal GDP is $2,000 a year…

Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals O A. 2. В. 8. C. 5. O D. 10. O E. 1/5. O O O OO

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals
O A. 2.
О В. 8.
O C. 5.
O D. 10.
O E. 1/5.
Click to select your answer.
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