Other Things Held Constant, an Increase in the Velocity of Money

question 144

Multiple Choice

Other things held constant, an increase in the velocity of money will cause the dynamic aggregate demand curve to

• A) shift inward.
• B) shift outward.
• C) not shift at all.
• D) shift randomly.

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Definitions:

Note's Issue Date

The date on which a promissory note or bond is issued, marking the beginning of the obligation.

Due Date

The due date is a specific date by which an obligation, such as a payment or task, must be completed.

Note Payable

A written promise to pay a specified amount of money, usually with interest, by a certain date.