The velocity of money increases if:
A) each unit of money is used more frequently.
B) each unit of money is used less frequently.
C) more purchases are made.
D) none of the above answers is correct; the velocity of money is constant.
Correct Answer:
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Q13: History shows that:
A) countries with low rates
Q14: Using the equation of exchange, if inflation
Q15: When the currency loses value, causing people
Q16: Using the equation of exchange, if inflation
Q17: Using the equation of exchange, if real
Q19: If the equation of exchange is MV
Q20: Inflation can be thought of as:
A) an
Q21: The quantity theory of money along with
Q22: If the nominal interest rate increases:
A) the
Q23: When nominal interest rates are high, the
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