1. Unlike Fishers quantity theory, neoclassical monetary theory links prices to the demand for money, not the...

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1. Unlike Fisher’s quantity theory, neoclassical monetary theory links prices to the demand for money, not the supply of money, because idle cash balance does not, in reality, create demand and affect prices.

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Macroeconomics Theory And Policy

ISBN: 9780070091450

3rd Edition

Authors: D.N. Dwivedi

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Question Posted: Nov 07, 2024 04:00 AM

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1. Unlike Fishers quantity theory, neoclassical monetary theory links prices to the demand for money, not the...

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Macroeconomics Theory And Policy

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