The Velocity of Money Is

question 152

Multiple Choice

The velocity of money is

• A)the rate at which the Fed puts money into the economy.
• B)the same thing as the long-term growth rate of the money supply.
• C)the money supply divided by nominal GDP.
• D)the average number of times per year a dollar is spent.

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Definitions:

Central Tendency Bias

A tendency to rate all individuals or situations as average or neutral, avoiding extreme judgments in assessments.

Rating Errors

Mistakes or biases that occur when evaluating or assessing an individual's performance or attributes.

Administrative Tasks

Routine duties related to the management and execution of office functions, including paperwork, scheduling, and record keeping.

Pay Raises

Incremental increases in an employee's salary or wages, typically awarded for performance, longevity, or cost of living adjustments.