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Assume we know that the income velocity of M2 has remained constant, while M2 has increased by 8% and prices have increased by 2%. We
Assume we know that the income velocity of M2 has remained constant, while M2 has increased by 8% and prices have increased by 2%. We can conclude that
Select one:
a.real GDP has grown by 6%
b.real GDP has grown by 1.5%
c.nominal GDP has decreased by 2%
d.nominal GDP has grown by 10%
e.real GDP has decreased by 1.5%
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