Question
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
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 unaffectedby 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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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
