Question
(a) How stable is the velocity of money? [20 marks] (b) Why is the stability of the velocity of money important in explaining Fisher's theory
(a) How stable is the velocity of money? [20 marks]
(b) Why is the stability of the velocity of money important in explaining Fisher's theory of the demand for money? [10 marks]
(c) What are the main differences between Fisher's and Friedman's theory of the demand for money? [20 marks]
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
