The Expression for Velocity Derived from Keynes's Liquidity Preference Theory

question 80

Multiple Choice

The expression for velocity derived from Keynes's liquidity preference theory is

• A)V = P/L(Y, i).
• B)V = L(Y, i)/P.
• C)V = Y/L(Y, i).
• D)V = L(Y, i)/Y.

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