contestada

If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of money demanded for transactions purposes will be Multiple Choice 750 150 3,600 450 900

Respuesta :

Cricetus

Answer:

Option B (150) is the correct answer.

Explanation:

Given:

Nominal GDP,

= $900

Money velocity,

= 6

As we know,

⇒ [tex]Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity[/tex]

By putting the vales, we get

⇒                    [tex]900=Quantity\times 6[/tex]  

⇒           [tex]Quantity=\frac{900}{6}[/tex]

⇒                           [tex]=150[/tex]

Otras preguntas