The number of times per year, on average, that a dollar is spent on final goods and services is known as
A) the income velocity of money. B) the price of money.
C) the money supply. D) the equation of exchange.
A
Economics
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In a firm, an entrepreneur is one who
A) decides to hire or fire. B) works for the owner by running the firm. C) takes the risks associated with a business firm. D) represents the firm in legal proceedings.
Economics
During the German hyperinflation of the 1920s, the large increases in the money supply were generated by the German government
A) significantly lowering the required reserve ratio to enable German businesses to obtain loans. B) significantly raising the required reserve ratio to reduce business loans. C) printing large quantities of German marks. D) selling large quantities of government bonds to the central bank, the Reichsbank.
Economics