Q
It is difficult to determine if the velocity of money is constant over time because ?
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A
A. It is difficult to measure the value of nominal gdp over time
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B
B. There has been very little fluctuation in the money supply over time.
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C
C. It is difficult to measure the demand for money over time
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D
D. Whether velocity is constant or not may depend on how the money supply is measure.
Correct Answer:
D. D. Whether velocity is constant or not may depend on how the money supply is measure.
