Problem
1. Given the various points mentioned in Box 5.1 as influencing the velocity of money, would you expect the long-term velocity of money to have increased or decreased over the past fifty years?
2. How is the interpretation of the Quantity Theory equation affected by the assumption of endogenous money?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.