Difference between revisions of "Velocity"
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Revision as of 11:18, 1 June 2020
Velocity is the speed with which money circulates through the economy, calculated as the nominal GDP divided by a measure of the size of the money supply.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Velocity. The speed with which money circulates through the economy, calculated as the nominal GDP divided by a measure of the size of the money supply.
