Solved: Find the real money demand-nominal money demand-velocity, Operation Management

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Find the real money demand-nominal money demand-velocity

Assignment:

Suppose money demand for Econland is (M/P)d= 5000 + 0.2Y +1000i.

a. Assume P=100, Y=1000 and i=0.1. Find the real money demand, nominal money demand and velocity.

b. If price level doubles from P=100 to P=200. Find the real money demand, nominal money demand and velocity, comment how these variables differ than in part (a).

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Operation Management: Find the real money demand-nominal money demand-velocity

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Operation Management: Find the real money demand-nominal money demand-velocity

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