Economy, asked by nichal7502, 1 year ago

The ratio of nominal income to nominal money stock is

Answers

Answered by PiyushSinghRajput1
0

If nominal income is $100B and the money supply is $10B, then velocity is 10 – which means that average money holdings equal 10% of annual income. Velocity is therefore essentially a measure of income-adjusted money demanded. The higher velocity, the lower income-adjusted money demand

Answered by strangefeeling807
0

Answer:

income tax divided by spending

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