davidcy147
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Hi there,

I'm just going through some past papers for my exams and came across the following:

What is the missing link in the basic quantity theory of money?

I'm having trouble realising this when reviewing my notes.

Thanks.
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bkilner
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Did you ever find out? I'm currently trying to revise this and have no idea either?! If you did please can you tell me what it is?
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gr8wizard10
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(Original post by bkilner)
Did you ever find out? I'm currently trying to revise this and have no idea either?! If you did please can you tell me what it is?
Fisher Equation:

M*V = P*Y

M = Money Supply
V = Velocity (Money circulation)
P = Price Level
Y = National Income
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