The speed with which money circulates through the economy is called the
A. oversimplified multiplier.
B. velocity of circulation.
C. exchange rate.
D. money multiplier.
Answer: B
Economics
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If the level of government spending increases at the same time the Fed is pursuing contractionary monetary policy, we know that
a. incomes will fall. b. the interest rate will rise. c. incomes will rise. d. the interest rate will fall.
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Which of the following countries is part of the ERM but NOT part of the Eurozone?
A) France B) Italy C) Spain D) Denmark
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Gold stored by Bank of Canada backs all Canadian currency.
a. true b. false
Economics
Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are
A. sticky prices. B. administered prices. C. market prices. D. regulatory prices.
Economics