According to the quantity equation, changes in the money supply will lead directly to changes in the
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According to the quantity equation, changes in the money supply will lead directly to changes in the price level if velocity and real GDP are unaffected by the change in the money supply.
Will velocity change over time? What factors might lead to changes in velocity? Are those changes related to changes in the money supply?
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Related Book For
Principles Of Macroeconomics
ISBN: 9781453334980
9th Edition
Authors: John B. Taylor, Akila Weerapana
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