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| Chi, Wan Fu | 1 |
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Peer reviewedAlston, Richard M.; Chi, Wan Fu – Journal of Economic Education, 1989
Outlines the differences between the traditional and modern theoretical models of demand for money. States that the two models are often used interchangeably in textbooks, causing ambiguity. Argues against the use of linear specifications that imply that income velocity can increase without limit and that autonomous components of aggregate demand…
Descriptors: Economics, Economics Education, Graphs, Instructional Materials
