Monetarists Regard the Rate of Growth of the Money Supply

question 22

Multiple Choice

Monetarists regard the rate of growth of the money supply as the principal determinant of nominal GDP.By nominal GDP,they mean GDP

• A) unadjusted for changes in the price level.
• B) measured in constant dollars.
• C) excluding the government.
• D) divided by the money supply.
• E) corrected for the velocity of circulation.

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