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n Milton Friedman's restatement of the quantity theory of money, the real demand for money is a function of six variables: wealth, the expected rate
n Milton Friedman's restatement of the quantity theory of money, the real demand for money is a function of six variables: wealth, the expected rate of inflation, the interest rate on bonds, the interest rate on equities, the level of real income, and the technological progress in transactions technology
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
