Question: Money demand Function = Myd = 0.2 Y i1/2 a) Derive an expression for the velocity of money? V= K 0.2 = b) If output

Money demand Function = Myd = 0.2 Y i1/2 a) Derive an expression for the velocity of money? V= K 0.2 = b) If output Y is 1,000 units and the money supply M is $1,200, what is the price level P? (1 point)

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