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Suppose the money demand function is given by PM=hYeki where h and k.pdf

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Suppose the money demand function is given by: PM=hYeki where h and k are positive constants and e is the base of natural logarithms. Solve for the rate of money growth which would maximise revenue from seigniorage..

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Suppose the money demand function is given by: PM=hYeki where h and k are positive constants and e is the base of natural logarithms. Solve for the rate of money growth which would maximise revenue from seigniorage.

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  • 1. Suppose the money demand function is given by: PM=hYeki where h and k are positive constants and e is the base of natural logarithms. Solve for the rate of money growth which would maximise revenue from seigniorage.