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Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation

Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation

Paperback

EconomicsInvesting & Finance

ISBN10: 0765809613
ISBN13: 9780765809612
Publisher: Routledge
Published: Jun 30 2003
Pages: 208
Weight: 0.74
Height: 0.52 Width: 6.06 Depth: 9.16
Language: English
The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period

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