The graph below shows the velocity of money for the US economy from 1994 to 2000. Does the Quantity Theory of Money or the Keynesian
The graph below shows the velocity of money for the US economy from 1994 to 2000. Does the Quantity Theory of Money or the Keynesian Theory of Money Demand provide a better explanation of the observed velocity of money for this period? Velocity of Money (United States, ratio of GDP to M2, 1994 - 2000) Velocity of Money (United States, ratio of GDP to M2, 1994-2000) 2.5 2 1.5 1994 1995 1996 1997 1998 1999 2000 -Velocity of Money
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