Best country to visit in april on It is also assumed that velocity V does not change in the short run. Then the quantity theory of money states that the percentage change in the money stock changes one-to-one with the percentage change in the price level, which is inflation. In other words, this theory claims that the central bank is in control of inflation. If it wants increases in money supply then inflation will pick up. If the central bank wants the price level to be stable, it should keep the money supply stable. The two terms in the Phillips Curve equation, b(uun) and e, can explain how the inflation rate may change. The first term implies that if the unemployment rate exceeds its natural level, this will put upward pressure on inflation. Best country to visit in april 2016.
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