Rising Velocity Means That People Want to Hold ________ Nominal

question 97

Multiple Choice

Rising velocity means that people want to hold ________ nominal money per dollar of nominal GDP,which ________ the inflationary tendency of an increase in the money supply as one way of re-equating the demand and supply of money.

• A)more,strengthens
• B)more,weakens
• C)less,strengthens
• D)less,weakens

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Definitions:

Better Off

A term used to describe a situation in which an individual, household, or group has improved economically, often as a result of higher income, greater wealth, or access to more goods and services.

People

Human beings collectively, considered as the members of a community, society, or workforce.

Policy Change

A modification or adjustment to existing rules, protocols, or regulations within an organization, system, or government.

Low-Income Families

Households earning significantly below the average income level, often facing financial hardship and limited access to resources.