Suppose the liquidity preference function is given by: Y L(1,Y)= 70 - 1,000i Calculate velocity for each period, using the money demand equation: V= L(1) along with the following table of values. (Round your responses to two decimal places.) Period 1 Period 2 Period 3 Period 4 Period 5 Y(in billions) 12,000 12,600 12,450 12,600 12,800 Interest rate 0.06 0.08 0.03 0.04 0.06 Velocity Period 6 13,100 0.04 Period 7 13,200 0.08