Question
Which of the following can occur when nominal GDP changes? a. The money supply changes. b. The velocity of money changes. c. The general price
Which of the following can occur when nominal GDP changes?
a. The money supply changes.
b. The velocity of money changes.
c. The general price level (P) changes.
d. Real physical output (Q) changes.
e. Both (c) and (d) result in changes in nominal GDP.
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The Great Divide Unequal Societies And What We Can Do About Them
Authors: Joseph E Stiglitz
1st Edition
0393352188, 9780393352184
