Question: Score: 1 5 5 / 3 0 0 Question Value: 3 ! According to the AD curve, if in a certein economy in a given

Score: 155/300
Question Value: 3!
According to the AD curve, if in a certein economy in a given year the money supply rises from $1,000 billion to $1,050 billion, real GDP rises from $12,000 billion to $12,240 billion, and the rate of inflation is 4%, then what must have happened to the velocity of money in this same year?
It fell by 3%.
It fell by 1%.
It rose by 1%.
It remained stable.
Score: 1 5 5 / 3 0 0 Question Value: 3 !

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