Author Question: The velocity of money is the: a. number of times per year each dollar is used to transact an ... (Read 18 times)

lracut11 · **on:** Jun 30, 2018

The velocity of money is the:
a. number of times per year each dollar is used to transact an exchange.
b. rapidity of price increases during inflation.
c. number of times the price level increases during a year.
d. time it takes for checks to clear banks.
e. number of times per year each product is purchased during the year.

Question 2

Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:
a. underemployment.
b. seasonal unemployment.
c. frictional unemployment.
d. structural unemployment.
e. cyclical unemployment.