The inflation rate in January of 2009 as measured by the CPI was zero. If inflation were to remain at zero for a long period, what would be the effect on velocity?
a. It will decrease.
b. It will increase.
c. It will remain constant.
d. Velocity is unrelated to interest rates.
a
Economics
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Refer to the above figure. A price control has been set which has led to a shortage. This means that a
A) price ceiling has been set at P1. B) price floor has been set at P1. C) price ceiling has been set at P2. D) price floor has been set at P2.
Economics
Modern investment banking houses emerged in the U.S. in the 19th century to assist in financing:
a. railroad construction. b. mail-order houses. c. large corporations producing iron and steel. d. the textile industry.
Economics