Chapter 7: Economic Growth, Business Cycles, Unemployment ...

1102.438 9256.15 8.396077 b. One dollars in 1960 supported approximately $3.8 in total income. This rose to about $5.0 in 1970, and $7.1 in 1980. By 1990, one dollar circulated enough to support approximately $7.2 in total income. c. As can be seen the velocity of money has on average been rising over the last couple of decades. d. ................
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