According to the Quantity Theory of Money, a Decision on the Part

question 127

Multiple Choice

According to the quantity theory of money, a decision on the part of all business firms currently paying employees on a monthly basis to begin paying on a weekly basis would be expected to

• A)increase velocity and increase nominal GDP.
• B)increase velocity and decrease nominal GDP.
• C)decrease velocity and increase nominal GDP.
• D)decrease velocity and decrease nominal GDP.

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Definitions:

Small Business Manager

A person responsible for directing the operations, managing the staff, and ensuring the profitability of a small business.

Actions

The steps or measures taken to achieve a particular goal, often planned and executed to effect change or produce a desired outcome.

Business

Commercial activity where goods or services are exchanged for one another or for money, with the main aim of earning profits.

Education Level

The highest degree or stage of formal learning or schooling that an individual has completed.