term1 Definition1term2 Definition2term3 Definition3
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Equation of Exchange/
Fisher Equation
MV=PT
M- Money supply
V- Velocity of exchange
P- Average price level
T- Number of transactions over time
The theory that inflation is always everywhere and is caused by excessive increases in the
money supply.
The mechanism in which an increase in the
money supply leads to a change in national
income and other variables such as
unemployment.
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