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COURSES > BA121 > CONTROL PANEL > POOL MANAGER > POOL CANVASPool CanvasAdd, modify, and remove questions. Select a question type from the Add Question drop-down list and click Goto add questions. Use CreationSettings to establish which default options, such as feedback and images, are available for question creation.AddCreation Settings NameTestBanks Chapter 5 Inflation: Its Causes, Effects, and Social CostsDescriptionInstructionsAdd Question HereMultiple Choice1 pointsQuestionThe rate of inflation is the:Answermedian level of prices.average level of prices.percentage change in the level of prices.measure of the overall level of prices.Add Question HereMultiple Choice1 pointsQuestionThe definition of the transactions velocity of money is:Answermoney multiplied by prices divided by transactions.transactions divided by prices multiplied by money.money divided by prices multiplied by transactions.prices multiplied by transactions divided by money.Add Question HereMultiple Choice1 pointsQuestionIf there are 100 transactions in a year and the average value of each transaction is $10, then if there is $200 of moneyin the economy, transactions velocity is ______ times per year.Answer0.22510Add Question HereMultiple Choice1 pointsQuestionIf the transactions velocity of money remains constant while the quantity of money doubles, the:Answerprice of the average transaction must double.number of transactions must remain constant.price of the average transaction multiplied by the number of transactions must remain constant.price of the average transaction multiplied by the number of transactions must double.Add Question HereMultiple Choice1 pointsQuestionThe quantity equation, viewed as an identity, is a definition of the:Answerquantity of money.quantity of transactions.price level.transactions velocity of money.Add Question HereMultiple Choice1 pointsPool Canvasfolder (5)/CourseCompas...1 of 1912/8/2012 11:35 uni0645
QuestionThe income velocity of money:Answeris defined in the identity MV= PY.is defined in the identity MV= PT.is the same thing as the transactions velocity of money.is the same as the number of times a dollar bill changes hands.Add Question HereMultiple Choice1 pointsQuestionThe transactions velocity of money indicates the _____ in a given period, while the income velocity of money indicatesthe _____ in a given period.Answernumber of transactions; amount of income earnedquantity of money used for transactions; quantity of money paid as incomenumber of times a dollar bill changes hands; number of times a dollar bill enters someone's incomevolume of transactions; flow of incomeAdd Question HereMultiple Choice1 pointsQuestionReal money balances equal the:Answersum of coin, currency, and balances in checking accounts.

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