Define the term velocity of money. What factors determine the velocity of money in the classical system?

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Define the term velocity of money. What factors determine the velocity of money in the classical system? What is the relationship between the velocity of money and the Cam-bridge k?

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Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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Question Posted: May 24, 2016 06:43 AM

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Define the term velocity of money. What factors determine the velocity of money in the classical system?

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The income velocity of money with which we are mainly concerned is the number of times the averag...View the full answer

Macroeconomics Theories and Policies

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