The average number of times that a dollar is spent in buying the total amount of final goods and services produced during a given time period is known as
A) gross national product.
B) the spending multiplier.
C) the money multiplier.
D) velocity.
D
Economics
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Refer to Figure 1A.2. The slope of the curve
A) is positive. B) is negative. C) is zero. D) changes along the curve.
Economics
Government bureaus, unlike private firms,
a. derive their revenue by selling output to the government b. have incentives to respond to consumers' desires c. price their output by equating marginal cost and marginal revenue d. attempt to achieve zero profit e. receive little consumer feedback
Economics