The velocity of circulation of money is typically greater than 1
A. under no circumstances.
B. only if the unemployment rate is relatively low.
C. because the same money is exchanged a number of times each year.
D. because of inflation.
C. because the same money is exchanged a number of times each year.
You might also like to view...
The present value of a sum of money to be received in future is high if ________
A) the money is invested for a long period of time B) the market rate of interest is low C) the rate of inflation is high D) the future payment is low
Vertical contracts that aim to decrease retailer prices typically
a. Benefit the consumer, hurt the manufacturer and the retailer b. Benefit the manufacturer, hurt the consumer and retailer c. Benefits the consumers, manufacturers and retailers d. Hurts all the manufacturers, consumers and retailers