If You Divide the Amount of Nominal GDP by the Stock

question 213

Multiple Choice

If you divide the amount of nominal GDP by the stock of money, you have computed the

• A)multiplier.
• B)price level.
• C)velocity of circulation.
• D)inflation rate.

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Definitions:

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Personality Psychology

A branch of psychology focused on studying variations in behavior, feeling, and thought that make a person unique.

Behaviorist Paradigm

A theory in psychology that focuses on observable and measurable behaviors, disregarding mental activities, and emphasizing the role of environment in shaping behavior.

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The use of positive reinforcement (rewards) and negative reinforcement (punishments) to influence behavior.