Before the 1990s, M1+ velocity generally rose over time. Suggest some explanations for this upward trend.

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:51 AM

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Figure 7.2 shows that before the 1990s, M1+ velocity generally rose over time. Suggest some explanations for this upward trend. Velocity of M1+ Velocity of M2 2011 1975 1979 1983 1987 1991 1995 1999...
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Before the 1990s, M1+ velocity generally rose over time. Suggest some explanations for this upward trend.

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The general rise in velocity before the 1990s is most like...View the full answer

Macroeconomics

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