Why in Friedman's new quantity theory of money the velocity of money also move procyclically even if

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Why in Friedman's new quantity theory of money the velocity of money also move procyclically even if the model says that real money balance is insensitive to interest rate?

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Principles of Economics

ISBN: 978-1285165875

7th edition

Authors: Gregory Mankiw

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Question Posted: Dec 22, 2017 07:42 AM

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Why in Friedman's new quantity theory of money the velocity of money also move procyclically even if

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According to Freidman money demand is affected by same factors as the demand for any other asset...View the full answer

Principles of Economics

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