Question: Why is Keyness analysis of the speculative demand for money important to his view that velocity will undergo substantial fluctuations and thus cannot be treated

Why is Keynes’s analysis of the speculative demand for money important to his view that velocity will undergo substantial fluctuations and thus cannot be treated as constant?

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Because it indicates that money demand and hence velocity is affected by interest rates and since ... View full answer

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Why is Keyness analysis of the speculative demand for money important to his view that velocity will undergo substantial fluctuations and thus cannot be treated as constant?

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