What is the money demand function in the classical model

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What is the money demand function in the classical model(in math)? Explain in words which factors affect money demand and in which direction. What is the liquidity preference function(in math)? Again, explain in words which factors affect money demand and in which direction. How would a keynesian respond to the classical claim that nominal income is determined primarily by movements in the quantity of money?

Reference no: EM13888717

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