money demand n QTM
regarding money demand question i would proceed as follows:
defining money n then its uses(medium of xchange, store of value...)
then classical view about money demand followed by keynesian view n then a general analysis...i dont think there is a need to go as far as ISLM analysis.basically we are supposed to explain the 3 motives of keynes so focuss on them(u can refer froyen)
QTM is alreay a lengthy question!here in example i think we need to put numerical values in QTM equation n exemplify the relationship of M n P.if u do this for all versions the question is already enough..n also put examples from real life like german hyper inflation/ in USSR n if u can add something from pakistans economic history..hope u get something from it!
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