The velocity of money turnover is 15 turns per base year and GDP is 7...
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The velocity of money turnover is 15 turns per base year and GDP is 7,600 billion UAH. Determine the value of transaction demand for money: a) at the base year; b) at the next year, if the velocity of money turnover slowdown by 20% and GDP increase by 35%. Determine changes in transaction demand for money.
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