In the equilibrium version of the classical model, the velocity of money
a. depends on the real rate of interest.
b. depends on the level of employment.
c. is equal to the Cambridge k.
d. is stable in the short run.
D
Economics
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Which of the following require the depositor to commit to leaving their investment in the bank for a certain period of time in exchange for higher interest rates?
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In economics, specialization means
a. producing something using only one type of resource, such as labor b. producing something using only one type of labor c. focusing efforts on a particular product or a single task d. producing only one unit of output e. producing something using only one unit of a variable resource
Economics