If Velocity Is Constant And, in Addition, the Factors of Production

question 97

Multiple Choice

If velocity is constant and, in addition, the factors of production and the production function determine real GDP, then:

• A) the price level is proportional to the money supply.
• B) real GDP is proportional to the money supply.
• C) the price level is fixed.
• D) nominal GDP is fixed.

---

Definitions:

Genetic Basis

The role genes play in determining particular characteristics or traits, including physical appearance, behavior, and susceptibility to diseases.

Dizygotic

Referring to fraternal twins that develop from two different eggs fertilized by two different sperm, resulting in siblings that are genetically unique.

Personal Fable

The belief held by adolescents that they are unique and invulnerable, leading to risk-taking and a sense of personal uniqueness.

Cautious

Characterized by careful forethought to avoid risk or the potential consequences of an action.