Consider the portfolio choice theory of money demand. How do you think the demand for money would be affected during a hyperinflation (i.e., monthly inflation rates in excess of 50%)?
Consider the portfolio choice theory of money demand. How do you think the demand for money would be affected during a hyperinflation (i.e., monthly inflation rates in excess of 50%)?
Chapter14: Money And The Economy
Section: Chapter Questions
Problem 14QP
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Consider the portfolio choice theory of money
demand for money would be affected during a hyperinflation (i.e., monthly
inflation rates in excess of 50%)?
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