Which of the Following Statements About the Velocity of Money

question 69

Multiple Choice

Which of the following statements about the velocity of money in the U.S.is correct?

• A)From 1915 to 1947,the velocity of M1 increased.
• B)From 1947 to 1973,the velocity of M1 decreased.
• C)The growth in the velocity of money was steady in the 1970s.
• D)The velocity of money has remained more or less stable post 1980s.
• E)ATM machines and credit cards have increased the velocity of money.

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Definitions:

Noncausal Attribution

The assignment of a cause to an event or behavior without evidence of a direct cause-and-effect relationship.

External Attribution

The process of attributing the cause of one's own or others' behavior to external factors or situations.

Stable External

A term used to describe factors outside an individual that are consistent and unchanging, influencing behavior or circumstances.

Unstable External

This refers to external attributions for behavior that are variable or subject to change, such as luck or temporary circumstances.