• Home
  • Blog
  • Suppose that an economy recorded the following growth rates in a particular year: Percentage change in the real stock of money:

Suppose that an economy recorded the following growth rates in a particular year: Percentage change in the real stock of money:

0 comments

 Suppose that an economy recorded the following growth rates in a particular year:

Percentage change in the real stock of money:                               4 percent

Percentage change in nominal GDP:                                               6 percent

Percentage change in the price level (the GDP deflator):                1 percent

From the above information, calculate the percentage change in the velocity of money.

About the Author

Follow me


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}