If nominal GDP is 2700 and the money supply is 300, what is velocity? 9 velocity = nominal GDP/ money supply If the economy is at equilibrium as shown in the diagram above, then a contradictory monetary policy will: increase unemployment, but have little effect on inflation
According to the quantity theory, if constant growth in the money supply is combined with fluctuating velocity, which of the following is most likely to result? it negatively affects expansionary monetary policy. following an expansionary monetary policy.
velocity = GDP/ money supply Regardless of the outcome in the long run, ___________ always has the effect fo stimulating the economy in the short run expansionary monetary policy If GDP is 1800 and the money supply is 900, then what is the velocity?
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