Business, 01.07.2021 19:50, PaulJames

In 2012â, an economy was at full employment. The quantity of money was growing at 8.3 percent aâ year, the nominal interest rate was 9.5 percent aâ year, real GDP grew at 5.0 percent aâ year, and the inflation rate was 3.1 percent a year. Was the velocity of circulation constant?
If the velocity of circulation was not constant, how did it change and why might it have changed? The velocity of circulation and its change was percent a year.
The change in the velocity of circulation occurred because the:.
A. real interest rate is greater than the nominal interest rate.
B. growth rate of the quantity of money was greater than the growth rate of real GDP.
C. growth rate of the quantity of money was less than the growth rate of nominal GDP.
D. growth rate of the quantity of money was greater than the growth rate of nominal GDP.

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In 2012â, an economy was at full employment. The quantity of money was growing at 8.3 percent aâ yea...