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.

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Definitions:

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A pledge or promise to do something; showing dedication and loyalty to a cause, activity, or job.

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The achievement of set goals, accomplishments, or the attainment of wealth, position, honors, or the like.