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- "According to Keynesian theory, an increase in the money supply can cause interest rates to fall without affecting nominal income. In this case, how does the velocity of money change? Explain and demonstrate using the money market graph."In the Keynesian theory, money wages do not fall in response to a decrease in aggregate deman True FalseUsing appropriate diagrams explain and show why classical economist viewed money as a veil,In which situation did the classical view money as important?Explain
- Suppose now that economists expect the velocity ofmoney to increase by 50% as a result of the monetarystimulus. What will be the total increase in nominalGDP?What are the differences between the Fisherian and Cambridge versions of the quantity theory of money? In the Classical model, what role does money have in determining output, employment, the price level and the interest rate ? Show by diagrams.in 2012 japan prime minister shinzo Abi decided to increase money supply from 120 to 240 trillion in two years through quantitative easing and buying government bonds and this move was touted as "Abenomic at that time" 1-Average Inflation was 0% 2- Real Wage growth was -1.5% 3- Real GDP growth was 2% 4- Unemployment rate was 4.4% Use the AS/AD model to make inferences of the impact of the policy. What was the government trying to do?
- What the quantity theory of money (QTM) says about the relationship between money supply and the price level?If nominal money demand is proportional to nominal income, by how much will real money demand increase if real income rises 10%.What three motives for holding money did Keynes consider in his liquidity preference theory of the demand forreal money balances? On the basis of these motives, whatvariables did he think determined the demand for money?
- If money supply equals $500, money's velocity = 10, real GDP = 200, find the price level in the classical model.Briefly describe and explain how the Monetary Policy Committee (MPC) impactthe inflation rate?According to Keynes, what are the three reasons individuals hold money? Provide a brief explanation of each.