What can we infer from charts (a) and (b) about the stability of the velocity of circulation
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What can we infer from charts (a) and (b) about the stability of the velocity of circulation in the short run? What can we learn from chart (b) about the association between the growth of money holdings and that in nominal GDP?
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The evidence points to variability in the velocity of circulation However the picture is mixed with ...View the full answer
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Gabriela Rosalía Castro
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