Since the 1970s, the velocity of money has
A. behaved in a predictable fashion.
B. behaved in an erratic fashion.
C. decreased in value.
D. increased in a stable and predictable fashion.
Answer: B
You might also like to view...
Which of the programs below would transfer wealth from the young to the old?
a. Taxes are raised to provide better education. b. Taxes are raised to improve government infrastructure such as roads and bridges. c. Taxes are raised to provide more generous Social Security benefits. d. None of the above transfer wealth form the young to the old.
Game theory is not useful in understanding perfect competition because in a perfectly competitive market:
A. there are too many firms to be able to model their behavior accurately using game theory. B. the payoffs to firms' choices are unknown. C. each firm only cares about its own profit, so there is no interdependence. D. no single firm can influence the market price, so firms' decisions are not interdependent.