People often forget that the monetarist equation has two sides:
MV=PQ
The left side is demand (money x velocity), and the right side is supply (price x quantity).
When demand falls faster than supply the price still drops.
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People often forget that the monetarist equation has two sides:
MV=PQ
The left side is demand (money x velocity), and the right side is supply (price x quantity).
When demand falls faster than supply the price still drops.