When the nominal demand for money is written as Md = P*Y/v,the term v
(A)is a constant.
(B)depends on the price level.
(C)is inversely related to the interest rate.
(D)is directly related to the nominal interest rate.
答案選:(D)
不太了解它在問什麼?
(A) The cambridge cash balance equation不是說v=1/k為固定?
(C) 是因為 Md=f(P,R,π,PY)
當R上升 => Md下降 => v與貨幣需求函數呈反比,所以v上升(與R呈正相關?)
謝謝~~
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