Friedman Argued That with a _____ Money Supply, Velocity Is

question 74

Multiple Choice

Friedman argued that with a _____ money supply, velocity is _____ that there's not much point in using monetary policy.

• A) steady increase in the; large
• B) constant; small
• C) steady increase in the; constant
• D) constant; large

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Definitions:

Freight Costs

Expenses associated with transporting goods between the vendor and the buyer, which may be borne by either party.

Sales Discount

A reduction from the usual cost of a product or service offered to customers to encourage prompt payment or increase sales.

Customers Pay

refers to the transactions where customers remit payment for goods or services received from a business.

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.