Which of the following is correct?. (a) velocity is the rate at which money circulates (b) velocity equals 2 if transactions are $2M and money supply is $1M (c) velocity is 5 if the share that people want to hold of their income k = 20% (d) all of the above (e) none of the above

Which of the following is correct?. (a) velocity is the rate at which money circulates (b) velocity equals 2 if transactions are $2M and money supply is $1M (c) velocity is 5 if the share that people want to hold of their income k = 20% (d) all of the above (e) none of the above

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

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Question

Which of the following is correct?.

(a) velocity is the rate at which money circulates
(b) velocity equals 2 if transactions are $2M and money supply is $1M

(d) all of the above

(e) none of the above

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