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:

Emotional Bond

A strong feeling of connection or attachment between individuals, often based on love, friendship, or another personal affiliation.

Primary Caregiver

Refers to the main person responsible for the care and upbringing of a child or the care of someone who is ill or disabled.

Attachment

A strong emotional bond that develops between individuals, crucial in child development for a sense of security and safety.

Sensorimotor Stage

The Sensorimotor Stage is the first of Piaget's stages of cognitive development, ranging from birth to about age 2, where infants learn about the world through their senses and actions.