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The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997 Exercise 18
Why is Keynes's analysis of the speculative demand for money important to his view that velocity will undergo substantial fluctuations and thus cannot be treated as constant?
Explanation
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Keynes proposed the demand for money equ...
The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
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