Assume gdp is at the full employment level ynbspderive an


Md/P = hY-i, i=nominal interest rate

Assume GDP is at the full employment level Y*

(a) Derive an expression for the velocity of circulation of money.

(b) What factors does it depend on, and how?

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Business Economics: Assume gdp is at the full employment level ynbspderive an
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