What is the equation of exchange and velocity of money, Business Economics

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What is the equation of exchange and velocity of money

What is the equation of exchange and velocity of money? Explain the quantity theory of money and its relationship to NOMINAL GDP. What happens in the long-run when the money supply (MS) increases? What if LRAS and MS grow at 3%? What if velocity varies?

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Business Economics: What is the equation of exchange and velocity of money

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