Please answer this :

And so equation (1) in simple form becomes: 2) PY+tY= {M+ B) - (W) A) ' Solve for the amount of Bitcoln. B. in circulation. and explain the result. B} ' _ Show what happens when a: a 0; that is, show what happens when the value of u tends towards zero. C) ' Solve for B assuming that t = a. so that the impact of technological innovation on the velocity of money and the overall economy equals a. D} Show what happens when a: . no. 1What does it mean for Bitcoln. 1) P-Y=M-V So that the level of nominal income (nominal GDP) equals the amount of money in circulation. ht. multiplied by the velocity of money (rate of turnover of money in circulation). V. Now suppose that the world is far more complicated than the above equation such that: - There is technological growth. t. that increases both the level {and growth rate) of output. Y, and the velocity of circulation of money. V. i There is a new medium of exchange called Bitcoin. B, which circulates with money. so that total money in circulation is dened by M = {W + B}. where M\" is the stock of money in circulation consistent with no ination. I Bitcoin's value is inverser related to the value of money. M". after some point it. in some fixed proportion (tin), such that B = Haiti-1 - ii). In short. the amount of B in clrcuiatlon rises as money In circulation. M\". exceeds the amount consistent with no {or stable) ination. Iii. And. if M" = in?! than B = 0. NE: a > 0