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Y L(1,Y)= 5 -1,2001 Calculate velocity for each period, using the money demand equation: Y V= LOY along with the following table of values. (Round

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Y L(1,Y)= 5 -1,2001 Calculate velocity for each period, using the money demand equation: Y V= LOY along with the following table of values. (Round your responses to two decimal places.) Period 1 Period 2 Period 3 Period 4 Period 5 Y(in billions) 12,100 12,600 12,250 12,600 12,900 Interest rate 0.05 0.07 0.03 0.05 0.07 Velocity Period 6 13,200 0.03 Period 7 13,300 0.06

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