Question

relationship between velocity of money and inflation​

Answer 1

Answer:

Explanation:

The classical theory of inflation states that money growth causes inflation. Inflation depends on money growth and the velocity of money. The velocity of money equals the average number of times an average dollar is used to buy goods and services per unit of time.

Answer 2

Answer:

The classical theory of inflation states that money growth causes inflation. Inflation depends on money growth and the velocity of money. The velocity of money equals the average number of times an average dollar is used to buy goods and services per unit of time.