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QUESTION 2 4 The velocity of money is . . . The number of times a dollar is spent on newly produced goods in a

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24

The velocity of money is

. . .

The number of times a dollar is spent on newly produced goods in a time period

The total amount of money in circulation in an economy at a given time

The rate at which money is created by the central bank

The difference between the nominal and real interest rates

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