What Do Most Economists Think Is the Most Accurate Statement

question 139

Multiple Choice

What do most economists think is the most accurate statement about velocity?

• A) Velocity is fairly constant in the short run but varies considerably in the long run, complicating predictions about nominal GDP.
• B) M1 velocity is more stable in the short run than M2 velocity, and it has been a superior tool in predicting changes in nominal GDP.
• C) Velocity is not constant in the short run, and predictions about nominal GDP have not fared well.
• D) M2 velocity has been less stable than M1 velocity, but both are reliable enough to make accurate predictions about changes in nominal GDP.

---

Definitions:

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, heart attacks, congestive heart failure, and congenital heart defects.

Tumor Cells

Abnormal cells that divide uncontrollably and have the potential to invade and spread to other parts of the body.

Inescapable Shocks

Refers to a situation where an individual or animal is subjected to shocks from which they cannot escape, often used in stress research.

Prone to Cancer

Being more likely or susceptible to developing cancer due to genetic, environmental, or lifestyle factors.