Money demand is given by
M
d
/P =1000 +.2Y- 1000i.
(a) 0.65.
(b) 0.75.
(c) 1.33.
(d) 1.54.
Answer: D
M
d
/P =1000 +.2Y- 1000i.
Given that P =200, Y =2000, and i =.10, velocity is equal to
(a) 0.65.
(b) 0.75.
(c) 1.33.
(d) 1.54.
Answer: D
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