4016EconomicsMedium
It is difficult to determine if the velocity of money is constant over time because?
Awhether velocity is constant or not may depend on how the money supply is measure.
Bit is difficult to measure the demand for money over time
Cthere has been very little fluctuation in the money supply over time.
Dit is difficult to measure the value of nominal GDP over time
Correct answer
A. whether velocity is constant or not may depend on how the money supply is measure.
Explanation
The correct answer is whether velocity is constant or not may depend on how the money supply is measure..