During the recent financial crisis velocity decreased. This means that the rate at which money changed hands
A) decreased. Other things the same, a decrease in velocity decreases the price level.
B) decreased. Other things the same, a decrease in velocity increases the price level.
C) increased. Other things the same, an increase in velocity decreases the price level.
D) increased. Other things the same, an increase in velocity increases the price level.
Correct Answer:
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