Question

The velocity of money is the:

a. rate at which the price index for consumer goods rises.

b. multiple by which an increase in government expenditures will cause output to expand.

c. average number of times a dollar is used to buy goods and services included in gdp.

d. number of times a dollar is taken out of the country during a year.

Answer 1

b is the correct answer to this question. Hope this helps!

Answer 2

To my understanding i think the answer is B.