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6
What is the Quantity Theory of Money? What is the restated version? What does the restated version tell us?
MV=PY
M=kPY
says that since velocity is constant, M can affect both P and Y
M=kPY
says that since velocity is constant, M can affect both P and Y
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.11.2010