In an economic context, which of the following accurately explain the term "velocity?" Place the descriptions below under a. or b.
A. Accurate descriptions of velocity
B. Not descriptive of velocity
How quickly changes in the monetary policy make their way throughout the economy
How quickly money circulates around the economy
How quickly your grade in this class will skyrocket if you get this question right
A variable that was predictable in the 1970s but began to behave more erratically in the 1980s
Nominal GDP divided by the quantity of money
The speed at which economic business cycle theories come and go
How quickly that an economy's GDP grows
How quickly an economy rebounds from recessions