In an economic context, which of the following accurately describe the term \"ve

ID: 1102098 • Letter: I

Question

In an economic context, which of the following accurately describe the term "velocity?" Place the descriptions below under a or b:

a. accurate descriptions of velocity

b. not descriptive of velocity

How quickly changes in the monetary policy make their way throughout the econonmy

How quickly money circulates around the economy

How quickly your grade in this class will skyrocket if you get this question right

A variable that was predictable in the 1970s but began to behave more eratically in the 1980s

Nominal GDP divided by the quanitity of money

The speed at which economic business cycle theories come and go

How quickly that an economy's GDP grows

How quickly an economy rebounds from recessions

How quickly changes in the monetary policy make their way throughout the econonmy - b)

How quickly money circulates around the economy -a)

How quickly your grade in this class will skyrocket if you get this question right - b)

A variable that was predictable in the 1970s but began to behave more eratically in the 1980s -a)

Nominal GDP divided by the quanitity of money - a)

The speed at which economic business cycle theories come and go -b)

How quickly that an economy's GDP grows - b)

How quickly an economy rebounds from recessions - b)

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.