If real output in an economy is 1,500 goods per year , the money supply is $ 350 , and each dollar is spent an average of 3 times per year then

Suppose that the supply of credit cards is given by (1/200) X = q, the nominal interest rate is 0.06, real GDP is Y = 52, and the price level is P = 105. What must be the quantity of money supplied for this money market to be in equilibrium. Round your answer to the nearest whole number.

You have been tasked with advising the dictator of a nation over what he should do to increase the countries GDP. He suggests printing money and increasing the growth rate of the money supply. He wants to give this newly printed currency to his soldiers and best political supporters. You know this will not increase GDP in the long run because... I. Money is neutral II. Increasing the growth of the money supply only causes inflation in the long run III. He would only increase GDP in the long run if he distributed the money equally to all citizens IV. He would only increase GDP in the long run only if he printed a large enough sum of money I, II, and III only I, II, III, and IV III only I and II only

An increase in nominal GDP will Multiple Choice   increase the transactions demand and the total demand for money.   decrease the transactions demand and the total demand for money.   increase the transactions demand for money but decrease the total demand for money.   decrease the transactions demand for money but increase the total demand for money.