_irving-fisher-mv-m39v39-pq.jpg "Irving FisherM•V + M'•V' = P•Σq from nominal equation Video Screenshot Preview")
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⏲ Duration: 152 min 13 sec
✓ Published: 20-Apr-2015
✓ Published: 20-Apr-2015
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M = paper money in public's handsnV = average rate at which a dollar changes hands per hourorvelocity of paper dollar circulationnM' = total bank deposits of households, businesses, government spending agenciesnV' = average rate at which a dollar of deposit changes hands per hourvelocity of deposit transfer (circulation)nP = Price level (estimated by nominal price of a basket of different items) - in pure theory it is the average price of the individual prices at which all items(Σq, r
M = paper money in public's handsnV = average rate at which a dollar changes hands per hourorvelocity of paper dollar circulationnM' = total bank deposits of households, businesses, government spending agenciesnV' = average rate at which a dollar of deposit changes hands per hourvelocity of deposit transfer (circulation)nP = Price level (estimated by nominal price of a basket of different items) - in pure theory it is the average price of the individual prices at which all items(Σq, r
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