The velocity of money is the:
a. number of times per year each dollar is used to transact an exchange.
b. rapidity of price increases during inflation.
c. number of times the price level increases during a year.
d. time it takes for checks to clear banks.
e. number of times per year each product is purchased during the year.
a
You might also like to view...
Most of the world's population lives in
A) advanced economies. B) developing economies. C) transition economies. D) emerging market economies. E) island nations.
In actual practice, short-term interest rates and long-term interest rates usually move together; this is the major shortcoming of the
A) segmented markets theory. B) expectations theory. C) liquidity premium theory. D) separable markets theory.
Which of the following factors is not part of an individual's stock of human capital?
A. Initiative B. Intelligence C. Years of education D. Employment status
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.