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RDP 7704: Money and Money–Income: An Essay on the “Transmission Mechanism”
Equation (2)
M
P
=
mY
=
ℓ
r
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaacaqGnbaabaGaaeiuaaaacqGH9aqpcaqGTbGaaeywaiabg2da9iabloriSjaabkhaaaa@3DA5@