Question
Suppose the money demand function is given by M/P=hYe -ki where h and k are positive constants and e is the base of natural logarithms.
Suppose the money demand function is given by
M/P=hYe-ki
where h and k are positive constants and e is the base of natural logarithms. Solve for the rate of money growth which would maximize revenue from seigniorage.
*Please do not copy other answers.
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
