The velocity of money is the average number of times per year that what occurs?
a. The quantity of money increases
b. The supply of money changes
c. Each dollar is used to purchase final goods and services
d. The Federal Reserve changes the Federal Funds Rate
c
Economics
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Aggregate private spending is unstable according to policy activists, primarily because
A) consumer non-durable spending is volatile. B) private residential and non-residential investment is volatile. C) government spending is volatile. D) the money supply is unstable.
Economics
Each point along a nation's production possibilities frontier represents efficient use of all resources
a. True b. False
Economics