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Assume the demand for real money balances is given as: Assume the demand for real money balances is given as: 0.5Y Lam) = 2 21.

Assume the demand for real money balances is given as:

Assume the demand for real money balances is given as: 0.5Y Lam) = 2 21. Find an expression for Velocity of Money, V. b. What is the Velocity of money if r = 4% and ire= 1%

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