MayoLewisyhtälö
MayoLewisyhtälö, sometimes referred to as the Mayo-Lewis Equation, is a theoretical framework developed in economics to model the relationship between money supply, the general price level, and the velocity of money. It is a fundamental concept in monetarist economics and a variation of the more widely known Equation of Exchange.
The core of the MayoLewisyhtälö can be expressed as MV = PT, where M represents the total amount
This equation posits that the total spending in an economy (MV) must equal the total value of
The MayoLewisyhtälö is a foundational tool for understanding macroeconomic relationships. It helps to illustrate how changes