The Average Number of Times That a Dollar Is Spent

question 58

Multiple Choice

The average number of times that a dollar is spent in buying the total amount of final goods and services produced during a given time period is known as

• A)gross national product.
• B)the spending multiplier.
• C)the money multiplier.
• D)velocity.

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Definitions:

Suffrage

The right to vote in political elections.

Direct Democracy

A form of government in which citizens vote on laws and policies directly, rather than through elected representatives.

Citizens

Members of a particular country or city, entitled to its rights and subject to its laws.

Policies

Strategies or courses of action adopted and pursued by an organization, government, or individual.