Refer to the Given Market-For-Money Diagrams

question 271

Multiple Choice

Refer to the given market-for-money diagrams. If each dollar held for transactions is spent four times per year on the average, we can infer that

• A) real GDP is $800.
• B) nominal GDP is $800.
• C) the money supply must be $800.
• D) nominal GDP is $1,200.

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Definitions:

Adaptive Fear

A beneficial form of fear that helps individuals avoid dangerous situations.

Maladaptive Anxiety

A form of anxiety that is excessive, irrational, and interferes with daily functioning.

Generalized Anxiety Disorder

a chronic disorder characterized by excessive, long-lasting anxiety and worry about nonspecific life events, objects, and situations.

Phobias

An intense, irrational fear of specific objects, activities, or situations.