The Income Velocity of Money Is the Absolute Number of Times

question 287

Multiple Choice

The income velocity of money is the absolute number of times, on average, that

• A) people purchase goods and services during a year.
• B) each monetary unit is spent on final goods and services.
• C) each unit of real GDP is produced by business firms.
• D) each one-unit increase in the price level occurs.

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Definitions:

Secure

The condition of being protected from or not exposed to danger, risk, or anxiety.

Difficult Child

A term reflecting a child's temperament that is characterized by irregular bodily functions, withdrawal from new situations, and a tendency to react negatively and intensely.

Slow-To-Warm-Up

A temperament where individuals are cautious, shy, and introverted at first but become more social and comfortable over time.

Regular

Conforming to a standard; usual, typical, or expected in nature or occurrence.