If the Velocity of Money Is 4 and Nominal GDP

question 115

Multiple Choice

If the velocity of money is 4 and nominal GDP is $2,000, then money supply is _____

• A) $1.
• B) $10.
• C) $100.
• D) $500.
• E) $1,000.

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Definitions:

Manifest Needs Theory

A psychological theory that focuses on observable needs that motivate an individual to perform certain behaviors.

Behavior Modification

The process of changing behavior because of a reward or lack of a reward.

Task Significance

The extent to which a job has a substantial impact on the lives or work of other people, either in the immediate organization or in the external environment.

Manifest Needs Theory

A psychological theory suggesting that certain human needs are openly communicated and visible, influencing behavior in different situations.