Why does Friedmans view of the demand for money suggest that velocity is predictable, whereas Keyness view

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Why does Friedman’s view of the demand for money suggest that velocity is predictable, whereas Keynes’s view suggests the opposite?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:32 AM

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Why does Friedmans view of the demand for money suggest that velocity is predictable, whereas Keyness view

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In Keyness view velocity is unpredictable because interest rate...View the full answer

Economics of Money, Banking and Financial Markets

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