If money stock is $14 million and total spending is $7 million, the velocity of circulation must be: .5 2 21 98 Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key. From 1946 to 1972, U.S. GNP rose from $211 billion to $1150 billion and the money stock rose from $106 billion to $246 billion. What can we say about the income velocity of circulation? It rose. It fell. It remained constant. We cannot say anything certain about velocity based on this information. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key.