Keynesians argue that velocity is
A) equal to the inflation rate.
B) equal to one.
C) negative.
D) unpredictable.

Question

Quizplus · Accepted Answer

Keynesians argue that the velocity of money, which is the rate at which money circulates in the economy, can be unpredictable. This is because it can be influenced by various factors such as changes in monetary policy, consumer preferences, and the overall economic environment, making it difficult to predict with certainty.

Keynesians Argue That Velocity Is