Look at your dollar bill. Is it crisp and unmarred or old, wrinkled, and bent? The difference has much to do with the number of times that poor dollar has had to work during the year. Economists refer to that number as the

a. quantity theory of money
b. velocity of money
c. equation of exchange
d. reproduction rate of money
e. expenditure rate of money

B

Economics

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The aggregate demand curve shows the combinations of output and the price level that put the economy on

A) the FE line and the IS curve. B) the FE line, the IS curve, and the LM curve. C) the IS curve. D) the IS curve and the LM curve.

Economics

An increase in the saving rate results in a higher steady state ________

A) growth rate of capital B) growth rate of output per worker C) level of consumption per worker D) level of capital per worker

Economics