The average number of times that a dollar is spent in buying the total amount of final goods and
A)gross national product
B)the spending multiplier
C)the money multiplier.
D)Velocity

Question

Quizplus · Accepted Answer

The average number of times that a dollar is spent in buying the total amount of final goods and services produced within a country in a specific period of time is referred to as the velocity of money. This concept is distinct from the gross national product, the spending multiplier, and the money multiplier, which relate to different economic measures and mechanisms.

The Average Number of Times That a Dollar Is Spent