The average number of times each dollar is used per year to buy goods and services in the economy is called the
A) velocity of circulation.
B) equation of exchange.
C) law of demand.
D) law of diminishing returns.
E) quantity theory of money.
Correct Answer:
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Q17: John Maynard Keynes believed that a recession
Q18: Lowering tax rates was the main priority
Q19: Keynesian economics focused on
A)equally at curing recessions
Q20: The crude quantity theory of money assumes
Q21: The theory of rational expectations concludes that
A)since
Q23: The monetarists believe that an increase in
Q24: According to crude versions of the quantity
Q25: Non-interventionists include all of the following,except
A)new classical
Q26: Statement I: Monetarists argue that discretionary economic
Q27: Which of the following is NOT a
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