What happens to the velocity of money (defined in the box on p. 93) when the economy

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What happens to the velocity of money (defined in the box on p. 93) when the economy moves along a given LM curve? Why does velocity behave this way?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:07 AM

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What happens to the velocity of money (defined in the box on p. 93) when the economy

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Along a given LM curve the money supply is unchanged Thus the velocity of money rises as incom...View the full answer

Macroeconomics

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