Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A) Velocity equals the money supply.
• B) GDP is larger than the money supply if velocity is greater than 1.
• C) The money supply must be equal to GDP.
• D) GDP is always twice the money supply.

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Definitions:

Periodic Table

A tabular arrangement of chemical elements, organized on the basis of their atomic numbers, electron configurations, and recurring chemical properties.

Rock-forming Minerals

Minerals that make up a significant part of the Earth’s crust, playing a key role in the formation of rocks.

Argonites

A misspelling or incorrect term for aragonite, which is a carbonate mineral, one of the two most common, naturally occurring, crystal forms of calcium carbonate, CaCO3 (the other being calcite).

Carbonates

Rocks or minerals that contain abundant carbonate.