Let the demand for real balances, (M/P)^d equal kY, where k is a constant of proportionality and Y is real income. Clearly and concisely explain what this implies about the income velocity of money and the implications for long run monetary policy

intermediate economics mean?????????????

way demand for real balnce???? demand crve also use quntqtity and price of acording to given condtion.

way clearly and conscisely explian this?

long tarm montray police also use real incom ........... ask u good question thanks

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