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14.5 Pitfalls for monetary policy  (Page 20/20)

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  • Card 20 / 20:
    velocity

    the speed with which money circulates through the economy; calculated as the nominal GDP divided by the money supply

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Practice FlashCards 9 Key Terms 4

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Source:  OpenStax, Principles of macroeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11864/1.2
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