Robertsons Equation Assignment Help | Robertsons Equation Homework Help

Robertson’s Equation

Prof. D.H. Robertson’s equation is slightly different form from that of Prof. Pigou. Robertson’s equation is as follows:

 M = PKT

 P = M / KT

where stands for the price level. T represents the total amount of goods and services to be bought during one year. K represents that proportion of T which the people desire to hold in the form of cash.

The equation is considered better than that of Pigou because of its easy comparability with the of Fisher.

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