Thursday, April 19, 2012
Fisher Equation: An Important Economic Relation
P*G=M*V is a relation explaining the quantitative theory of money. P stands for the value levels in the economy; V stands for velocity of money in the economy; M is the supply of money and G is the GDP of the economy. Immediately the relation was given by economist Fisher specifying the relationship between the various variables as clarified above. More information: read
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