Multiple Choice
If,in an economic panic,people decide to hold their money rather than spend it,the velocity of money will:
A) remain relatively constant.
B) increase.
C) decrease.
D) become unpredictable.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q111: The Fisher effect is the tendency of
Q112: Why could very high rates of inflation
Q113: Which of the following is NOT a
Q114: To compare accurately the price of automobiles
Q115: Suppose the average level of prices increased
Q117: According to the quantity theory of money,a
Q118: In the short run,money is neutral.
Q119: All else equal,according to the quantity theory
Q120: Episodes of hyperinflation are caused by:<br>A) severe
Q121: If the price level in 2016 is