Equation of exchange states:
$ MV=PY $
where,
$ M $ is Quantity of Money
$ V $ is Velocity of Money
$ P $ is Price Level
$ Y $ is Real GDP
Could someone please share how the above common form of equation is converted to the growth rate form:
$ \%\Delta M + \%\Delta V = \%\Delta P + \%\Delta Y $
Edit: Sorry the latex doesn't seem to be working. Unable to figure that out.