The average number of times in a year each dollar is used to buy goods and service is called
A) circulation rate.
B) inflation.
C) rate of circulation speed.
D) nominal GDP.
E) velocity of circulation.
Correct Answer:
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Q25: An increase in real GDP affects the
Q26: Q27: If velocity does not change and the Q28: Suppose that the equilibrium nominal interest rate Q29: Hyperinflation is defined as periods of Q31: When the nominal interest rate falls, the Q32: The opportunity cost of holding money instead Q33: If real GDP grows by 3 percent, Q34: A consequence of hyperinflation is that people Q35: If the nominal interest rate is above
A)inflation over
A)increase
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