Figure 7.2 shows that before the 1990s, M1+ velocity generally rose over time. Suggest some explanations for
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Figure 7.2 shows that before the 1990s, M1+ velocity generally rose over time. Suggest some explanations for this upward trend.
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Velocity of M1+ Velocity of M2 2011 1975 1979 1983 1987 1991 1995 1999 2003 2007 2015 Year Ve locity 00
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Macroeconomics
ISBN: 978-0134646350
8th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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