The velocity of money is: a. the purchasing power of money. b. ...

[kodithompson]

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.

[javimendoza7]

Answer to Question 1

c

Answer to Question 2

c

[kodithompson]

YES! Correct, THANKS for helping me on my review

[upturnedfurball]

Excellent