Explain the keynesian contention that change in money supply


Problem

Keynes concluded that the stimulate production during a recession, it is not enough to increase the money supply. Explain the Keynesian contention that a change in money supply is likely to be accompanied by a change in velocity of money in opposite directions.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain the keynesian contention that change in money supply
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