Ashleyyy9718 Ashleyyy9718

02-03-2022
Business

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How does the velocity of money affect a national economy?.

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Isistheenchantress Isistheenchantress

10-03-2022

Answer:

when the velocity of money is high, it means each dollar is moving fast to purchase goods and services. It reflects high demand,which generates more production. When the velocity is low, each dollar is not being used very often to buy things.

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