If the Velocity of Money Is Constant, Then Nominal GDP

question 128

True/False

If the velocity of money is constant, then nominal GDP can change only if there is a change in the money supply.

---

Definitions:

Allergist

A specialist who diagnoses and treats physical reactions to substances including mold, dust, fur, pollen, foods, drugs, and chemicals.

Cholecystitis

Inflammation of the gallbladder, often caused by gallstones, leading to acute pain and other digestive symptoms.

Gallbladder

A small, pear-shaped organ located beneath the liver that stores bile secreted by the liver and releases it into the small intestine to aid in digestion.

Fatty Foods

Foods high in fat content, often associated with negative health impacts such as increased risk of obesity and heart disease.