Question: Why did the velocity of circulation of M2 decrease during the 2010s? Because _______. A. hacking slowed the Internet and forced the banks to replace
Why did the velocity of circulation of M2 decrease during the 2010s? Because _______. A. hacking slowed the Internet and forced the banks to replace electronic transactions with paper checks B. the velocity of circulation is just a residual number calculated as PY/M. C. the banks cancelled a large number of credit cards. D. interest rates fell to very low levels, which increased the quantity of money held
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
