Multiple Choice
A rising rate of inflation
A) makes people more willing to hold money as an asset
B) reduces the usefulness of money as a store of value and thus increases the velocity of money
C) increases the usefulness of money as a medium of exchange and thus reduces the velocity of money
D) is usually preceded by a reduction in the money supply
E) does not,apparently,have any effect on the velocity of money
Correct Answer:
Verified
Correct Answer:
Verified
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