Monetarists believe that changes in the money supply or velocity have different effects in the short run
Question:
1. List the four positions held by monetarists.
2. Graphically show the short run and long run effects of an increase in the money supply or velocity.
3. Graphically show the short run and long run effects of a decrease in the money supply or velocity.
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1 Monetarists believe that 1 velocity changes in a predictable way 2 aggregate demand depends on the ...View the full answer
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