A look at the historical data indicates that velocity for M1
a. has been more variable than the velocity for M2, but both have been fairly constant for the past 65 years.
b. and M2 have both trended downward, but velocity for M2 has been more erratic than velocity for M11.
c. has been fairly constant for the past 65 years, but velocity for M2 has trended downward.
d. has trended upward in the past 65 years, but velocity for M2 has been more constant.
d
You might also like to view...
When the economy is experiencing high inflation and high unemployment at the same time, then it is experiencing:
a. stagnation. b. deflation. c. reflation. d. stagflation. e. innation.
Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom and France in real GDP per capita.
a. true b. false
Consider the labor market depicted in the above figure. What wage rate must be paid to have the 200th hour of labor supplied?
A) $10 B) $15 C) $20 D) None of the above answers is correct.
The contention that domestic unions tend to want to restrict foreign competition with tariffs is
A) a national defense concern. B) the infant industry argument. C) dumping. D) to protect domestic jobs.