Why in Friedman's new quantity theory of money the velocity of money also move procyclically even if

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Why in Friedman's new quantity theory of money the velocity of money also move procyclically even if the model says that real money balance is insensitive to interest rate?

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Principles of Economics

ISBN: 978-1285165875

7th edition

Authors: Gregory Mankiw

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Question Posted: Sep 21, 2024 05:17 AM

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Why in Friedman's new quantity theory of money the velocity of money also move procyclically even if the model says that real money balance is insensitive to interest rate?
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Why in Friedman's new quantity theory of money the velocity of money also move procyclically even if

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According toFreidman money demand is affected by same factors as the demand for any otherassets ...View the full answer

Principles of Economics

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