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.

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Definitions:

Life Stressors

Events or conditions in one's life that cause stress, such as job loss, relationship problems, or financial difficulties.

Unipolar Depression

A major depressive disorder characterized by a persistent feeling of sadness or a lack of interest in external stimuli, without the manic episodes evident in bipolar disorder.

Suicidal Ideation

Having thoughts about, considering, or planning suicide, which may range from fleeting thoughts to detailed planning.

Distractibility

The condition of being easily drawn away from the task at hand to unrelated thoughts or activities.