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Need minimum of 300 words

Economics

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Need minimum of 300 words. deadline is strict. will pay $6. please confirm if you would liek to do this

The equation is as follows: MV = PY  where

            M – money supply

            V – velocity

            P – price level

            Y – real output 

Provide a brief answer to each question below:

• How does the quantity theory of money and the liquidity preference theory differ in their implication about the velocity of money factor?
• How would you expect velocity to typically behave over the course of the business cycle?
• If credit cards were made illegal by congressional legislation, what would happen to velocity? Explain.
• “If nominal GDP rises, velocity must rise.” Is this statement true, false, or uncertain? Explain.
• Why is Keynes’s analysis of the speculative demand for money important to his view that velocity will undergo substantial fluctuations and thus cannot be treated as constant?