Part 2: M/P = C(1+i)/i Question: If people got square root utility from money, and square root utility from consumption, instead of log-log as above, what would the money demand function look like? Solve for it explicitly: M: Nominal Money Supply P: Aggregate Price Level

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: O 6.38 percent

A:

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