What Do Most Economists Think Is the Most Accurate Statement

question 159

Multiple Choice

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

• A)It 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)It 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.

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Definitions:

Objections

Concerns or reasons given by a potential customer that could hinder them from completing a purchase.

Conditions

Refers to the specific circumstances or requirements attached to something, such as a deal, agreement, or offer.

Hopeless Objections

Customer objections during a sales process that appear insurmountable and often signal a strong resistance to making a purchase.

Negotiation

The process by which the buyer and the seller reach a mutually satisfactory agreement.