If Velocity Is Equal to 1, This Means That

question 69

Multiple Choice

If velocity is equal to 1, this means that

• A) the rate of growth of the money supply is 1.
• B) each dollar of the money supply is spent on the average one time per year.
• C) for every 2 dollars of the money supply, nominal GDP will increase by 1.
• D) an increase in the money supply will lead to an increase in aggregate supply of 1.

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