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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 22
The formula for computing the velocity of money is GDP/M1. Go to www.research.stlouisfed.org/fred2 and look up the GDP. Next go to www.federalreserve.gov/ Releases/h6/Current/ and find M1. Compute the most recent year's velocity of money and compare it to its level in 2002. Has it risen or fallen? Suggest reasons for its change since that time.
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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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