Why does the Keynesian view of the demand for money suggest that velocity is unpredictable?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:04 AM

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Why does the Keynesian view of the demand for money suggest that velocity is unpredictable?

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In Keyness view velocity is unpredictable because interest rates which have larg...View the full answer

The Economics of Money Banking and Financial Markets

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