suppose that this year's money supply is $500b, nominal gdp is

Ask a New Question

suppose that this year's money supply is $500b, nominal gdp is $10trillion, and real gdp is $5trillion, what is the price level and velocity of money? and if velocity is constant and the economy's output rises by 5% per year, what will happen to nominal gdp and the price level next year if the Fed keeps the money supply constant?

Similar Questions

The money supply in Freedonia is $200 billion. Nominal GDP is $800 billion and real GDP is $400 billion. Assuming that velocity
1. 1 answer
Which of the following is the amount of money in circulation in an economy?(1 point)Responses money supply money supply real GDP
1. 1 answer
The velocity of money isa. the same thing as the long-term growth rate of the money supply. b. the money supply divided by
1. 1 answer
Suppose that velocity is constant. The economy's output of goods and services rises by 5% each year. What will happen to nominal
1. 2 answers

more similar questions