The Velocity of Circulation Is

question 478

Multiple Choice

The velocity of circulation is

• A) the relationship between income and spending.
• B) the relationship between increases in income and investment.
• C) the ratio of currency to demand deposits.
• D) the average number of times per year a dollar is spent on goods and services in GDP.

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Definitions:

Peak-to-peak

The difference in value between the highest and lowest points in a waveform.

Average

A statistical measure referring to the mean or central tendency of a set of numbers.

Pulsating

Describes a physical or electrical effect that occurs in intervals, typically experienced as oscillations or vibrations.

Sine

A mathematical function that describes the ratio of the length of the opposite side to the length of the hypotenuse in a right-angled triangle, often related to waveforms in physics.