of Macroeconomics Spring 20 fall20 Nations with low levels of GDP per capita may converge to richer nations if Select one: O a nations with lower levels of income grow more quickly than those with higher levels of income. O b. nations with lower levels of income spend less on investment. C. nations with high levels of income experience a continuously increasing growth rate. O d. nations with lower levels of income grow more slowly than those with higher levels of income. Next pag o gt a to search hp s of Macroeconomics Spring20 fall20 A velocity of means money changes hands, on average, every 4 months. Select one: O a. 1.25 O b. 0.25 O c. 3 O d. 4 e to search I a hp (Academic) of Macroeconomics Spring20 fall20 According to the quantity theory of money, in the long run Select one: O a. an increase in the quantity of money creates an increase the price level but no increase in real GDP. O b. the quantity of money in the economy will always be just the right amount. O c. an increase in the quantity of money creates an increase in the price level and in real GDP. O d. none of these answers are correct. Next page o search O hp G %