Part 2: M/P = C(1+i)/i Question: If people got square root utility from money, and square root utility from consumption, instead of log-log as above, what would the money demand function look like? Solve for it explicitly: M: Nominal Money Supply P: Aggregate Price Level

Part 2: M/P = C(1+i)/i Question: If people got square root utility from money, and square root utility from consumption, instead of log-log as above, what would the money demand function look like? Solve for it explicitly: M: Nominal Money Supply P: Aggregate Price Level

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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