In Irving Fisher's quantity theory of money, velocity was determined by
A) interest rates.
B) real GDP.
C) the institutions in an economy that affect individuals' transactions.
D) the price level.
C
Economics
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In the long run, the higher saving rate leads to a higher level of productivity and income but not to higher growth in these variables.
a. true b. false
Economics
GDP is supposed to measure the goods ________ the United States
A) purchased in B) produced in C) exported to D) imported to
Economics