Question 4l2O marks a) Discuss the main difference between the Cambridge school theory of demand for money and the Fried

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Question 4l2O marks
a) Discuss the main difference between the Cambridge school theory
of demand
for money and the Friedman quantity theory of demand for money? [g
marks]
b) Discuss in detail Keynes's (L936) liquidity preference theory?
[9 marks]
c) What does the empirical evidence conclude regarding the demand
for money?
[3 marks]
a) Discuss in detail how the central bank can influence the money
supply through the
following (open market operations, moral suasion, reserve
requirements,
quantitative easing and forward guidance?
marks 12