Difference between revisions of "Velocity of money"

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(Created page with "*Velocity of money is the ratio of nominal expenditure to the money supply; the rate at which money changes hands. ==Definition== According to Macroeconomics by Mankiw...")
 
 
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*[[Velocity of money]] is the ratio of nominal expenditure to the money supply; the rate at which money changes hands.
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[[Velocity of money]] is the ratio of nominal expenditure to the money supply; the rate at which money changes hands.
  
 
==Definition==
 
==Definition==

Latest revision as of 19:44, 2 July 2020

Velocity of money is the ratio of nominal expenditure to the money supply; the rate at which money changes hands.

Definition

According to Macroeconomics by Mankiw (7th edition),

Velocity of money. The ratio of nominal expenditure to the money supply; the rate at which money changes hands.