If Nominal GDP Is $4,000 Billion and the Amount of Money

question 198

Multiple Choice

If nominal GDP is $4,000 billion and the amount of money demanded for transactions purposes is $800 billion, it can generally be concluded that

• A)the asset demand for money is $3,200 billion.
• B)the total demand for money is $4,800 billion.
• C)on average, each dollar will be spent five times a year.
• D)the supply of money needs to be increased to meet the demand.

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Definitions:

Disarticulation

The separation of two bones at their joint, either surgically or as a result of injury.

Sensorineural Hearing Loss

A type of hearing loss resulting from damage to the inner ear or the auditory nerve pathways.

Malleus

The malleus is a small bone in the middle ear that transmits sound vibrations from the eardrum to the inner ear.

Lacrimal Fluid

The clear, watery fluid produced by the lacrimal glands in the eyes; it's commonly known as tears, serving to lubricate and protect the eye.