According to the Equation of Exchange,if Nominal GDP Increases Then

question 44

Multiple Choice

According to the equation of exchange,if nominal GDP increases then

• A) the quantity of money must also increase.
• B) the velocity of money must also increase.
• C) both the quantity of money and the velocity of money must also increase.
• D) either the quantity of money and/or the velocity of money must also increase.

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Definitions:

Followers' Needs

The requirements or desires of individuals who look up to or are guided by a leader, which may influence their satisfaction and performance.

Ambiguous Task Characteristic

Describes a feature of a task that lacks clarity and can be interpreted in multiple ways, leading to uncertainty in execution.

Needs for Affiliation

The desire or drive to form relationships, be part of a group, or feel connected and accepted by others.

Directive Leadership

A leadership approach where the leader provides clear instructions and expectations, and closely supervises tasks.