Growth, Macroeconomics

I used to think that economic growth ( more production) was only possible / able to occur because banks lent out more than they had (fractional reserve credit banking). Apparently , however, if velocity of money increases we can also have growth. Does this mean that if money supply never increased (credit via banks) that growth can still occur?
Posted Date: 8/6/2013 11:29:11 PM | Location : United Kingdom







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