Question: Please answer questions b AND c referring to the image provided. Thank you! b. Walras' law says that all the markets clear all the time

Please answer questions b AND c referring to the image provided. Thank you!

b. \"Walras' law says that all the markets clear all the time and that is why the scal decits are neutral in the classical model\". Do you agree with this statement? Explain why or why not. 0. Explain intuitively why the money demand function depends on the price level, Pt, the level of income, yr, the cost of going to the bank, 1,0, and the interest ratle, Rt or rt. What interest rate does affect the money demand. the NOMINAL, Rt, or the real, rt? Explain your

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