Slide 11 The Equation of Exchange –The formula indicating that the number of monetary units times the number of times each unit is spent on final goods and services is…
Slide 1 1 Money Demand (Handa, Chapter 2) Monetary Theory and Policy Graduate Seminar ECON 6411 Fall 2008 Slide 2 2 First Lessons Hicks (1967), Critical Essays in Monetary…