Site MapHelpFeedbackWeb-based Questions
Web-based Questions
(See related pages)

1
The equation of exchange—What is the current velocity of money? In the equation of exchange, MV = PQ, the velocity of money, V, is found by dividing nominal GDP (= PQ) by M, the money supply. Calculate the velocity of money for the past 4 years. How stable was V during that period? Is V increasing or decreasing? Get current-dollar GDP data from the Gross Domestic Product section at the Bureau of Economic Analysis Web site, www.bea.gov. Find M1 money supply data (seasonally adjusted) at the Fed's Web site, www.federalreserve.gov, by selecting, in sequence, "Economic Research and Data," "Statistical Releases and Historical Data," and "Money Stock Measures—H6," then "Historical Data."





To learn more about the book this website supports, please visit its Information Center.
(c)2012 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


McConnell Macroecon 19eOnline Learning Center

Home > Chapter 19 > Web-based Questions