Answer to Question #169805 in Macroeconomics for bernard bernard

Question #169805

Friedman's quantity theory of money



1
Expert's answer
2021-03-08T09:19:43-0500

The Friedman's quantity theory of money states that the supply of money is not dependent of demand for money. Due to the actions of the monetary authorities, the supply of money changes and the demand for money remains much or less stable.


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