What is the Monetary Equation of Exchange?
Can someone give me a defintion and the equation?
Answer:
MV=PQ
M= Money supply
V= Velocity of money (how much money gets moved around)
P= Price Level
Q= Nominal GDP
PQ= Real GDP
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Answer:
MV=PQ
M= Money supply
V= Velocity of money (how much money gets moved around)
P= Price Level
Q= Nominal GDP
PQ= Real GDP
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