What is the money demand function in the classical modelin


What is the money demand function in the classical model(in math)? Explain in words which factors affect money demand and in which direction. What is the liquidity preference function(in math)? Again, explain in words which factors affect money demand and in which direction. How would a keynesian respond to the classical claim that nominal income is determined primarily by movements in the quantity of money?  

Request for Solution File

Ask an Expert for Answer!!
Econometrics: What is the money demand function in the classical modelin
Reference No:- TGS01181967

Expected delivery within 24 Hours