Suppose that a country has the money demand function: (M / P)d = Y / (5i). With constant real gross domestic product of 1,000, t

Question

3 years ago

6

he velocity of money would _____ if the nominal interest rate rose from 2 percent to 2.5 percent.

1 answer:

GREYUIT [131] · Answer 1 · 2022-01-01T03:21:36+03:00

7 0

Answer:

Rise by 2.5

Explanation:

The number of times money goes from one organization to another is the other wise known as the velocity of money.