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nikitadnepr [17]
3 years ago
10

In a macroeconomic context, choose the best definition for the term "velocity".

Business
1 answer:
ddd [48]3 years ago
4 0

Answer:

The rate at which money circulates through an economy.

The velocity in the  Mushroom Kingdom  , is 6.3213

Explanation:

The equilibrium quantity in the money market is determinated as the product between the money stock (the gold coins in this case)and the money velocity

GDP = demand of money ( as we need money to purchase the goods and services)

money stock =   13,719

velocity = demand / money stock

86,722/13,719 = 6.3213

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