The most robust national income determination model is the monetarist model. The course of the economy when measured in nominal terms is determined by the course taken by the money supply, with the positive relationship between the growth rate of money supply and nominal GDP overwhelming.
The most robust national income determination model is the monetarist model. The course of the economy when measured in nominal terms is determined by the course taken by the money supply, with the positive relationship between the growth rate of money supply and nominal GDP overwhelming.
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