In a closed economy, if the income velocity of circulation of money remains constant,what will be the result of an increase in the money supply?

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Banking System of Bangladesh

প্রশ্নঃ In a closed economy, if the income velocity of circulation of money remains constant,what will be the result of an increase in the money supply?

  • ক. a proportionate increase in the level of money income
  • খ. a proportionate increase in the level of output
  • গ. a proportionate increase in the rate of growth of money income
  • ঘ. a proportionate increase in the rate of growth of output

সঠিক উত্তরঃ

a proportionate increase in the level of money income
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