Question 4l2O marksl a) Discuss in detail the Friedman Quantity theory of demand for money. [4 marksl b) Citing examples

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Question 4l2O marksl a) Discuss in detail the Friedman Quantity theory of demand for money. [4 marksl b) Citing examples

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Question 4l2O marksl
a) Discuss in detail the Friedman Quantity theory of demand for
money. [4 marksl
b) Citing examples state what empirical evidence suggests regarding
the demand
for money [4 marksl.
c) State and discuss the three main motives of demand for money
according to
Keynes. [9 marks].
d) What are the differences between Keynes and the Cambridge theory
of demand
for money? [3 marks].
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