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Given the simple version of real money demand function: (M/P)d=kY, when the demand for money parameter, k, is large, the velocity of money (V) is
Given the simple version of real money demand function: (M/P)d=kY, when the demand for money parameter, k, is large, the velocity of money (V) is and money is changing hands small; frequently O large; infrequently O large; frequently small; infrequently
Given the simple version of real money demand function: (M/P)d=kY, when the demand for money parameter, k, is large, the velocity of money (V) is , and money is changing hands small; frequently large; infrequently large; frequently small; infrequently
Given the simple version of real money demand function: (M/P)d=kY, when the demand for money parameter, k, is large, the velocity of money (V) is and money is changing hands small; frequently O large; infrequently O large; frequently small; infrequently
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