The ________ is the number of times a dollar bill exchanges hands in a year.
A. government spending multiplier
B. money supply ratio
C. exchange rate
D. velocity of money
Answer: D
You might also like to view...
Which of the following best explains the effect of specialization on production as shown in Exhibit 5?
a. Specialization provides more goods overall to be divided between Techland and Grainsville.
b. By specializing in computers, the people of Techland no longer have grain to consume.
c. Grainsville is an agrarian society and as such does not have a need for computers.
d. Computers are more expensive than grain, so the people of Techland benefit most.
Why is there often resistance to free trade?
A. Specific groups may be hurt by free trade. B. Free trade usually hurts consumers. C. Free trade does not benefit the global economy. D. Free trade does not benefit the economy as a whole.