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Diano4ka-milaya [45]
3 years ago
12

Suppose that velocity is 3 and the money supply is $600 million. According to the quantity theory of money, nominal output equal

s?
Business
1 answer:
Tamiku [17]3 years ago
3 0

Answer:

$1,800 million

Explanation:

According to the quantity theory of money , velocity = nominal output / money supply

If velocity is 3 and money supply is $600 million, nominal output = $1,800 million .

I hope my answer helps you

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Answer:

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Explanation:

Note: Find attached the excel file for the calculation.

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Vsevolod [243]

In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.

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