Basic quantity equation of money

From CNM Wiki

Jump to: navigation, search

Basic quantity equation of money is money supply × Velocity = Nominal GDP.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Basic quantity equation of money. Money supply × Velocity = Nominal GDP.

Retrieved from "https://wiki.cnmcyber.com/w/index.php?title=Basic_quantity_equation_of_money&oldid=47317"