Suppose the money supply M has been growing at 10% per year, and nominal GDP, PY, has
Question:
Calculate the velocity for each year. At what rate is the velocity growing?
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2015 2016 2017 12 м 100 110 1,000 1,200 1,440 PY
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Related Book For
International Economics
ISBN: 978-1429278447
3rd edition
Authors: Robert C. Feenstra, Alan M. Taylor
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