Evidence shows that the quantity equation is correct over the long run, which implies that the A growth rate of the velocity of money causes the level of prices to change B growth rate of GDP causes most of the change in the money supply C growth rate of the money supply determines the rate of inf...

In the longrun the quantity theory of money suggests that in ...

Evidence shows that the quantity equation is correct over the long run, which implies that the...

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

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Authors: Thomas Nechyba

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