Question
Explain how the two formulation of the quantity theory are formally equivalent. Why cambridge equation is considered to be more close to the modern theory.
Explain how the two formulation of the quantity theory are formally equivalent. Why cambridge equation is considered to be more close to the modern theory.
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The two formulations of the quantity theory of money are the Fisher equation MV PQ and the Cambridge ...Get Instant Access to Expert-Tailored Solutions
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
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