Multiple Choice
When interest rates decline to low levels following the recession of 2008-2009, individuals and businesses
A) held larger money balances and the velocity of money fell.
B) held smaller money balances and the velocity of money fell.
C) held larger money balances and the velocity of money increased.
D) held smaller money balances and the velocity of money increased.
Correct Answer:
Verified
Correct Answer:
Verified
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