Author Question: The velocity of money ________. A) represents the average number of times a dollar turns over ... (Read 45 times)

imanialler · **on:** Jun 30, 2018

The velocity of money ________.

A) represents the average number of times a dollar turns over through the year
B) provides the link between the money supply and nominal income
C) times the money supply should equal total income, according to the equation of exchange
D) all of the above
E) none of the above

Question 2

If wages and prices become extremely flexible ________.

A) there is no trade off between inflation and unemployment
B) unemployment can hardly deviate from the natural rate
C) it becomes very difficult to differentiate the short-run from the long-run Phillips curve
D) all of the above
E) none of the above