Historically, velocity has been:
A. relatively stable, though the Great Depression of the 1930s caused some significant fluctuations.
B. in sync with the business cycle, increasing during times of decline and increasing with recovery.
C. relatively stable, though the recent crisis has temporarily caused some significant changes.
D. in sync with the business cycle, slowing during times of decline and increasing with recovery.
Answer: C
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U.S. investment is financed from
A) private saving, government budget surpluses, and borrowing from the rest of the world. B) private saving, government budget deficits, and borrowing from the rest of the world. C) private borrowing, government budget deficits, and lending to the rest of the world. D) private saving and borrowing from the rest of the world only.
The Confederacy's primary mechanism for generating revenue during the Civil War was to:
a. Raise taxes. b. Increase trade and gain more money from exports. c. Borrow more money. d. Print more money.