The "velocity" of money is
...The "velocity" of money is
The real money supply divided by the real GDP
The money supply multiplied by the price level
The money supply divided by the price level
The ratio of real GDP to the real money supply
Correct answer is D
Velocity of money is the total amount of money in circulation in an economy. It is calculated as Velocity of money = GDP/Money Supply
The purchasing power of the naira will fall when ...
Perfect knowledge of events in a perfect market will be made possible by the existence of ...
The amount of labour a producer hires relative to labour factor inputs depends on the ...
The mean is the best measure of central tendency because it__________ ...
Product differentiation in monopolistic competition implies that ...
The factor of production that has the highest degree of mobility is__________? ...