Given the quantity theory of money 1/V represents
A) the velocity of money.
B) the number of times the average $ changes hands.
C) the proportion of nominal income held as a medium of exchange.
D) PY.
C
Economics
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Certain countries remain backward because they nurture superstition and are suspicious of new technology. This argument is based on the:
A) geography hypothesis. B) location hypothesis. C) culture hypothesis. D) capital hypothesis.
Economics
The greater the opportunity cost of any particular occupation, the smaller the number of people who will select that occupation
a. True b. False Indicate whether the statement is true or false
Economics