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The Equation for Money Demand Expressed in the Chapter That Md=1VPYM ^ { d } = \frac { 1 } { V } P Y

Question 109

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The equation for money demand expressed in the chapter that is derived from the equation of exchange is: Md=1VPYM ^ { d } = \frac { 1 } { V } P Y

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We see that the equation does not explic...

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