Suppose That the Stock of Money Is $150 Billion and Nominal

question 289

Multiple Choice

Suppose that the stock of money is $150 billion and nominal GDP is $750 billion. The velocity of money is

• A) 4.
• B) 5.
• C) 16.7.
• D) 600.

---

Definitions:

Ideals

Principles or values that are actively pursued as goals or standards of perfection.

Interests

Refers to activities, topics, or subjects that an individual finds engaging or enjoys exploring.

Drive Theories

Psychological theories that posit behavior is motivated by desires to satisfy biological needs or drives.

Incentive Theories

Theories that suggest that behavior is motivated by a desire for reinforcement or incentives.