If the Money Supply Rises from $600 Billion to $800

question 59

Multiple Choice

If the money supply rises from $600 billion to $800 billion and nominal GDP stays unchanged at $4,800 billion, then the income velocity of money

• A) rises by 33 percent.
• B) falls by 33 percent.
• C) rises from 6 to 8.
• D) falls from 8 to 6.

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Definitions:

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A moral responsibility or duty that guides individuals' actions and decisions, often determined by societal norms or professional guidelines.

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