Suppose that the supply of money I expected to grow at a con tant peed + us. Derive an expression for the current price level, upply and future money supply growth. Explain p,, as a function of current money how changes in the expected level.
Suppose that the supply of money I expected to grow at a con tant peed + us. Derive an expression for the current price level, upply and future money supply growth. Explain p,, as a function of current money how changes in the expected level.
Suppose that the supply of money I expected to grow at a con tant peed + us. Derive an expression for the current price level, upply and future money supply growth. Explain p,, as a function of current money how changes in the expected level.