Relationship between money supply and inflation in india
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If real income were constant and other factors did not affect the demand for money or were constant, then there would be a proportional relationship between the price level and the nominal quantity of money relative to real income. In other words, growth rate of money supply would be equal to the inflation rate.
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If real income were constant and other factors did not affect the demand for money or were constant, then there would be a proportional relationship between the price level and the nominal quantity of money relative to real income. In other words, growth rate of money supply would be equal to the inflation rate.
I hope it helps_
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