The Average Number of Times Each Dollar Is Used Per

question 60

Multiple Choice

The average number of times each dollar is used per year to buy goods and services in the economy is called the

• A)velocity of circulation.
• B)equation of exchange.
• C)law of demand.
• D)law of diminishing returns.
• E)quantity theory of money.

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Definitions:

Input Devices

Hardware used to provide data and control signals to an information processing system, such as keyboards, mice, and scanners.

Output Devices

Hardware components that convey information from a computer or electronic device to the user or another device, such as printers and monitors.

Display

Electronic device or surface area that visually represents data or images.

Power Consumer

An entity or device that uses a large amount of electrical power, often considered in the context of energy efficiency and conservation.