The velocity of money is a. the multiple by which an increase in government expenditures will cause output to rise. b. the average number of times one dollar is used to buy final goods and services during a year. c. the rate at which the price index for consumer goods rises. d. set by the Board of Governors of the Federal Reserve System.

Respuesta :

In economics, the velocity of money is b. the average number of times one dollar is used to buy final goods and services during a year.

What is the velocity of money?

It is an economic measure that is used to show the rate that money changes hands between businesses and consumers in a given year.

This can be further simplified as saying that it shows on average, how many times consumers in the economy will buy final goods and services from companies.

Find out more on the velocity of money at https://brainly.com/question/13914618.

#SPJ12

ACCESS MORE