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We learned that PQ in the equation of exchange does not chan

Paper help Economics We learned that PQ in the equation of exchange does not chan

Economics

We learned that PQ in the equation of exchange does not chan

We learned that PQ in the equation of exchange does not change unless either M or V changes. This im… Show more We learned that PQ in the equation of exchange does not change unless either M or V changes. This implies that before a fiscal policy measuer can affect GDP or PQ, it must affect V. A Keynesian thinks a change in government spending would affect V indirectly though a change in some variable that directly afects V. What variable is it and in what way would a change in G affect it? • Show less

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