Which of the following statements about the velocity of money in the U.S. is correct?
a. From 1915 to 1947, the velocity of M1 increased
b. From 1947 to 1973, the velocity of M1 decreased.
c. The growth in the velocity of money was steady in the 1970s.
d. The velocity of money has remained more or less stable post 1980s.
e. ATM machines and credit cards have increased the velocity of money.
c
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Refer to the above figure. The figure represents the saving function for the consumer. Point A represents
A) the point at which saving equals zero. B) a situation in which saving is positive. C) a situation in which saving is negative. D) the amount of autonomous consumption.
Explain the relationship of the long-run aggregate supply curve, the short-run aggregate supply curve and the aggregate demand curve in determining a long-run and short-run macroeconomic equilibrium
What will be an ideal response?