The average number of times per year each dollar is used to transact an exchange is known as the:
a. liquidity of money.
b. velocity of money.
c. quantity theory of money.
d. equation of exchange
e. rapidity index
b
You might also like to view...
John has decided to view the solar eclipse tomorrow. The eclipse is an example of
A) a good. B) an economic good. C) a service. D) entrepreneurship.
In the Keynesian cross diagram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand function to shift ________ and the equilibrium level of aggregate output to
________, everything else held constant. A) up; rise B) up; fall C) down; rise D) down; fall
When a Japanese automaker makes a profit on a plant located in the United States, this enters into the U.S. balance of payments in the category of
a. merchandise exports b. merchandise imports c. income receipts on foreign investments d. income payments on foreign investments e. unilateral transfers
When we drive a car we own, we incur not only a private cost, but also a(n) ________ cost.
Fill in the blank(s) with the appropriate word(s).