According to the Equation of Exchange, If Real Output and the Money

question 69

Multiple Choice

According to the equation of exchange, if real output and the money supply stay the same and the price level increases:

• A) the velocity of money has to increase.
• B) the velocity of money has to decrease.
• C) the real GDP had to rise.
• D) nominal GDP remains constant.

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Definitions:

Stereotypes

Overgeneralized beliefs about the traits and attributes of members of a particular group.

Mortality

The state of being mortal or the incidence of death within a population.

Disidentify

The process of distancing oneself from particular group stereotypes or identities, especially in response to the threat of negative performance characterization.

Core Value

A fundamental belief or principle that is held as central and non-negotiable within a society, organization, or individual.