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Author Question: The velocity of money is: a. the purchasing power of money. b. the value of a dollar in relation ... (Read 83 times)

kodithompson

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on: Jun 30, 2018
The velocity of money is:
 a. the purchasing power of money.
  b. the value of a dollar in relation to foreign currency.
  c. the average number of times each dollar is spent on final goods and services in a given year.
  d. the average length of time it takes for a dollar of income to be spent.
  e. the total amount of money that is in circulation for consumption spending.

Question 2

Whenever there is a shortage at a particular price, the quantity sold at that price will equal:
 a. the quantity demanded at that price.
 b. the quantity supplied minus the quantity demanded.
  c. the quantity supplied at that price.
 d. (quantity demanded plus quantity supplied)/2.


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javimendoza7

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


kodithompson

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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