If Velocity Is Constant, Which of the Following Results Flow

question 80

Multiple Choice

If velocity is constant, which of the following results flow from the quantity equation?

• A) Nominal GDP could change only if there were a change in the money supply.
• B) In the short run, nominal GDP could change only if there were a change in the money supply and in the long run, nominal GDP could change only if there were a change in the money supply.
• C) In the short run, nominal GDP could change only if there were a change in the money supply but in the long run, nominal GDP is affected by changes in any component of GDP.
• D) In the short run, nominal GDP is affected by changes in any component of GDP but in the long run, nominal GDP could change only if there were a change in the money supply.

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Definitions:

Rejected

Being dismissed or turned down, often in the context of social relationships or applications.

Companionate Love

A deep, affectionate attachment characterized by feelings of mutual respect, trust, and concern, as opposed to passionate love.

Passionate Love

An intense emotional state characterized by romantic attraction, sexual desire, and a deep connection with another person.

Obsessed

A state of being excessively and compulsively focused on a particular object, activity, or person, often to an unhealthy degree.