Question
In the Equation of Exchange MV = PT helps us understand how price inflation leads to monetary inflation. monetary inflation can lead to price inflation
In the Equation of Exchange MV = PT helps us understand how
price inflation leads to monetary inflation.
monetary inflation can lead to price inflation
price and monetary inflation are mutually caused.
first price inflation leads to monetary inflation, and then monetary inflation leads to more price inflation.
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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