Which of the following best describes the relationship between the velocity of money and the demand for money?
a. The demand for money is not related to the velocity of money.
b. When the demand for money increases, the velocity of money increases.
c. The demand for money must be stable for the velocity of money to increase.
d. When the demand for money declines, the velocity of money increases.
D
Economics
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The price of one bedroom apartments in Cheyenne increased from $55,000 to $65,000 and the quantity of apartment for sale increased from 25 to 30. Using the midpoint method, the price elasticity of supply for apartments in Cheyenne is equal to
A) 0.916. B) 0.75. C) 1.09. D) 2.18. E) 0.08.
Economics
Opportunity cost always arises when a trade-off decision is made
a. True b. False Indicate whether the statement is true or false
Economics