Explain how the two formulation of the quantity theory are formally equivalent. Why cambridge equation is considered

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Explain how the two formulation of the quantity theory are formally equivalent. Why cambridge equation is considered to be more close to the modern theory.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Posted Date: Feb 22, 2024 11:57 PM

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Explain how the two formulation of the quantity theory are formally equivalent. Why cambridge equation is considered

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The two formulations of the quantity theory of money are the Fisher equation MV PQ and the Cambridge ... View the full answer

Economics

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