If Something Causes the Velocity of Money to Increase,the Same

question 126

Multiple Choice

If something causes the velocity of money to increase,the same amount of money will

• A)be able to support more transactions,so nominal GDP can increase
• B)be forced to support more transactions,so nominal GDP will decrease
• C)be able to support fewer transactions,so nominal GDP will decrease
• D)no longer have to support so many transactions,so nominal GDP can increase
• E)mean nothing can happen to nominal GDP

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Definitions:

General Intelligence

The theory suggesting the existence of a single, underlying intellectual capacity that influences performance across various cognitive tasks.

Mental Age

A measure of an individual's mental attainment based on the age at which it is normal to reach a certain level of mental development.

Binet Test

An intelligence test developed by Alfred Binet, used to determine an individual's mental age and intellectual development.

IQ

Short for Intelligence Quotient, a score derived from one of several standardized tests designed to assess human intelligence.