Because the desire to hold money is dependent on nominal GDP but can never reach zero, monetarists believe that this value is constant in the long run. According to Irving Fisher, it is equal to the price level times the quantity of goods divided by 
Because the desire to hold money is dependent on nominal GDP but can never reach zero, monetarists believe that this value is constant in the long run. According to Irving Fisher, it is equal to the price level times the quantity of goods divided by the money supply. For 10 points—identify this value which which represents the number of times a particular dollar is spent within a given length of time and is designated "V" in the monetarist equation of exchange.
Because the desire to hold money is dependent on nominal GDP but can never reach zero, monetarists believe that this value is constant in the long run.
{velocity} of money [prompt on {V} before it is read]