The velocity of circulation is
A) the average number of times a dollar of money is used annually to buy the goods and services that make up GDP.
B) the average number of times that a dollar of money is used annually to buy the goods and services that make up consumption expenditure.
C) calculated as Y ÷ M.
D) constantly increasing over time.
E) equal to zero in the long run.
Correct Answer:
Verified
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