Solved

Suppose That C = $700,I = $200,G = $200,NX =

Question 167

Multiple Choice

Suppose that C = $700,I = $200,G = $200,NX = $100,and that the money supply is equal to $400.Based upon these assumptions,velocity is equal to ________________.If consumption and velocity both rise beyond their initial levels,then it follows that another component of spending ___________ necessarily fall.


A) 3;must
B) 3;does not
C) 4;must
D) 4;does not

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents