Assume Monetary Equilibrium Exists-That Is,the Desired and the Actual Supply

question 57

Multiple Choice

Assume monetary equilibrium exists-that is,the desired and the actual supply of money are equal-when nominal GDP equals $480 billion and the money supply is $160 billion.According to a strict monetarist view,an increase in the money supply of $10 billion will increase the nominal GDP by:

• A) $30 billion.
• B) $25 billion.
• C) $20 billion.
• D) $10 billion.

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Definitions:

Neurotransmitters

Chemical substances in the body that transmit nerve impulses across a synapse from one nerve cell to another.

Fatty Substance

Materials composed of lipids, which can be found in various forms throughout the body, playing critical roles in energy storage, insulation, and cell structure.

Axons

Long, slender projections of neurons that transmit electrical impulses away from the neuron's cell body to other neurons, muscles, or glands.

Neural Impulse

An electrical signal that travels along a neuron, facilitating communication between the brain and other parts of the body.