
Quantity Theory of Money
Published January 17, 2017
Views 579K | Likes 8.55K | Comments 163
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The quantity theory of money is an important tool for thinking about issues in macroeconomics. The equation for the quantity theory of money is: M x V = P x Y What do the variables represent? M is fairly straightforward – it’s the money supply in an economy. A typical dollar bill can go on a long journey during th…
- Published
- January 17, 2017
- Made for kids
- No
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