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Principles of Economics Power Point Presentation Chapter 11 Money and the Business Cycle I March 26, 2007 © J. Patrick Gunning.
1 The Equation of Exchange –The formula indicating that the number of monetary units times the number of times each unit is spent on final goods and services.
The Quantity Theory of Money -Explain the concept of money, its functions and characteristics. -Explain the theoretical link between money and prices.
100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 300 400 500 200 Micro Potpourri Macro Potpourri.
