If an Economy Has a Velocity of Circulation of 3

question 253

Multiple Choice

If an economy has a velocity of circulation of 3, then

• A) the quantity of money is 3 times real GDP.
• B) in a year the average dollar is exchanged 3 times to purchase goods and services in GDP.
• C) nominal GDP is 1/3 the size of the quantity of money.
• D) the quantity of money is $3 for every dollar of GDP.

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Definitions:

Religious Beliefs

Systems of faith and worship; the conviction and acceptance of certain spiritual truths, often involving a deity or deities.

Political Attitudes

Individuals' views and preferences about political policies, practices, and issues.

Table Manners

The set of cultural guidelines for how to behave while eating at a table, including the proper use of utensils, how to sit, and how to interact with others.

Personality Traits

Enduring characteristics that describe an individual's behavior consistently across situations, such as extraversion or neuroticism.