Economy, asked by niamthao1990, 9 months ago

How is the cash balance equation an improvement over the fishers equation

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Answered by rakhi9299

Answer:

The equation of cash balances is an improvement over the equation of fishermen. The solution of cash balances is superior to the approach of transactions because it totally discards the idea of the velocity of money movement which obscures the motivations and decisions of the people behind it.

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