In the Short-Run Velocity Is Not Constant

question 77

Multiple Choice

In the short-run velocity is not constant.Which of the following variables will be affected by a change in money supply?
I.real GDP
II.nominal GDP
III.the price level

• A)III only
• B)II and III
• C)I, II, and III
• D)If velocity is not constant, then none of the variables is affected.

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