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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Why might the velocity of money change unexpectedly?

To determine

The reason behind unexpected fluctuation in the velocity of money.

Explanation

Unexpected fluctuation in the velocity of money over time could be because of the change in money supply and its corresponding effect on the nominal GDP. For example, consumer’s expenditure can speed up or slow down depending upon their need to buy a large number or items quickly...

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