2 ms·
If a central bank targets a demand variable, changes in minimum wage does not change MV. If V changes the the central bank automatically adjusts M. And inflatio
by panick21_ 3y ago
If a central bank targets a demand variable, changes in minimum wage does not change MV. If V changes the the central bank automatically adjusts M. And inflation targeting is a form of demand targeting. Just linking to Velocity of money is useless.