If Nominal GDP Is $10 Trillion and the Velocity of Circulation

question 377

Multiple Choice

If nominal GDP is $10 trillion and the velocity of circulation is 2, the quantity of money

• A) is $2 trillion.
• B) is $20 trillion.
• C) is $5 trillion.
• D) cannot be determined from the information given.

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Definitions:

Reinforcer

Any stimulus that strengthens or increases the probability of a specific response or behavior by the means of positive or negative reinforcement.

Frequency

The rate at which something occurs or is repeated over a particular period or in a given sample.

Reinforcement Size

The magnitude or amount of reinforcement provided following a behavior, which can influence the strength and rate of the learned response.

Reinforcer

Any stimulus, which, when presented after a behavior, increases the likelihood of that behavior being repeated.