Consider that the liquidity preference function of the public is depicted as:

Q1. Consider that the liquidity preference function of the public is depicted as: Y L(i, Y) = g 1000i Use the money demand equation, along with the following table of values, to calculate the velocity for each period. Period 1 2 3 4 5 6 7 Y(in billions) 12.0 12.5 12.25 12.5 12.8 13.0 13.2 Interest rate 0.05 0.07 0.03 0.05 0.07 0.04 0.06