Much of the economic news we read about can be reinterpreted into our Mv = PY framework.
Question:
a. “Deposits in U.S. banks fell in 2015.”
b. “American businesses are spending faster than ever.”
c. “Prices of most consumer goods rose 12% last year.”
d. “Workers produced 4% more output per hour last year.”
e. “Real GDP increased 32% in the last decade.”
f. “Interest rates fall: Consumers hold more cash.”
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