Figure 7.2 shows that before the 1990s, M1+ velocity generally rose over time. Suggest some explanations for

Question:

Figure 7.2 shows that before the 1990s, M1+ velocity generally rose over time. Suggest some explanations for this upward trend. 


Velocity of M1+ Velocity of M2 2011 1975 1979 1983 1987 1991 1995 1999 2003 2007 2015 Year Ve locity 00

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 978-0134646350

8th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

Question Posted: