The Velocity of Circulation Is

question 124

Multiple Choice

The velocity of circulation is

• A)the average number of times a dollar of money is used annually to buy the goods and services that make up GDP.
• B)the average number of times that a dollar of money is used annually to buy the goods and services that make up consumption expenditure.
• C)calculated as Y ÷ M.
• D)constantly increasing over time.
• E)equal to zero in the long run.

---

Definitions:

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which posits that people have various kinds of intelligences, not just a single, general ability.

Skillful Production

Refers to the capacity to create or manufacture things with a high level of expertise and quality.

Use of Language

Involves the manner in which words and syntax are employed to communicate thoughts and information.

Musical Intelligence

One of Howard Gardner's multiple intelligences, characterized by skills in performing, composing, and appreciating musical patterns.