The velocity of circulation is
A) equal to the price level multiplied by real GDP.
B) the same as the aggregate demand curve.
C) the average number of times a dollar bill is used in a year to buy the goods and services in GDP.
D) increased when the Fed lowers the required reserve ratio.
Correct Answer:
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Q2: The opportunity cost of holding money is
Q3: According to the quantity theory of money,
A)
Q4: If the Fed hikes the U.S.interest rate
Q5: When money is accepted as payment in
Q6: If productivity constantly increases,then the real wage
Q8: An increase in the amount of capital
Q9: If two currencies allow for the equal
Q10: An increase in the population will _
Q11: If the U.S.interest rate differential _,the demand
Q12: An increase in the productivity will _
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