Question: How would you formulate your money supply function for estimation in an empirical study? What would be your definition of the money supply variable? What

How would you formulate your money supply function for estimation in an empirical study? What would be your definition of the money supply variable? What would be the arguments of your function? Justify each one. Comment on the a priori relationships that you would expect between your independent variables and the money supply. Compare your supply function with some others estimated in the literature, and comment on the differences.

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