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A comment on The rise and fall of Cathie Wood, controversial Wall Street investor. Parent comment
(real GDP)×(price level) = (money supply)×(money velocity)
In general terms its probably a decent model. But ya, there are situations where it's not completely internally consistent.
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(real GDP)×(price level) = (money supply)×(money velocity)
In general terms its probably a decent model. But ya, there are situations where it's not completely internally consistent.