Suppose the liquidity preference function is given by: Y L(1,Y) = 1,000i 10 Calculate velocity for each period, using the money demand equation: Y V= L(i,Y) along with the following table of values

Subject:EconomicsPrice: Bought3

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Suppose the liquidity preference function is given by: Y L(1,Y) = 1,000i 10 Calculate velocity for each period, using the money demand equation: Y V= L(i,Y) along with the following table of values. (Round your responses to two decimal places.) Y in billions) Interest rate Velocity Period 1 12,200 0.05 Period 2 12,500 0.06 Period 3 12,450 0.03 Period 4 12,500 0.06 Period 5 12,900 0.07 Period 6 13,000 0.03 Period 7 13,300 0.08