1. a) Explain whether government spending on space exploration is an injection or a withdrawal from the economy. Does your answer change if all increase in space exploration pays for USA produced hardware?

b) Using your own example explain how the macroeconomic objectives of a government might conflict.

c) How is the demand for money related to the velocity of circulation money?

d) How is the velocity of circulation of money related to inflation?

Note: Include some references for each answers.