Suppose that the velocity of money is not constant, and it is related to the nominal interest rate, such that the veloci

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Suppose that the velocity of money is not constant, and it is
related to the nominal interest rate, such that the velocity is a
function of the nominal interest rate: V(i). Explain how the
velocity of money would change when the nominal interest
changes.
Suppose we are in the long run and the aggregate price level is
flexible. Using the Fisher question in the money market equilibrium
condition M/P=L(Y,i), as in (c), explain how an increase in
expected inflation (everything else constant) will affect the
aggregate price level.