17. Which of the following increases the velocity of money? a. An increase in the number of...
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Question:
17. Which of the following increases the velocity of money?
a. An increase in the number of shopping trips per period.
b. A decrease in the real consumption expenditure.
c. An increase in the time interval between successive trips to the bank.
d. A decrease in interest rate.
15. Consider a temporary proportional downward shift of the production function.
How does this change affect the work effort?
a. The work effort decreases
b. The work effort increases
c. The work effort does not change
d. Not enough information to answer the question.
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