(Solution)-Velocity is a) less than 2.5


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34. Velocity isa) less than 2.5 b) 2.5 c) 3.0 d) greater than 3.0 5435. Ignoring inflation, the change in nominal income resulting from a central bank purchase of $3b bonds isa) less than $10b b) between $10b and $25bc) between $25b and $50b d) over $50b36. Next year, the price index should bea) 120 b) between 120 and 125 c) 125 d) greater than 125


Solution ID:10086476 | Question answered on 16-Oct-2016

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