Monetarists and Keynesians Disagree Over the Nature of V and Q

Essay

Monetarists and Keynesians disagree over the nature of V and Q. Who argues the following cases?
(a) Changes in V are small and predictable, hence any increase in the money supply M will have a significant effect upon total spending. Keynesian view/Monetarist View
(b) M and V vary inversely. Keynesian view/Monetarist View
(c) V is determined by people's desire to hold speculative balances which, in turn, is determined by expectations. Keynesian view/Monetarist View
(d) V is exogenously determined. Keynesian view/Monetarist View
(e) If MV falls as a result of a tight monetary policy, then Q will fall as well as P. Keynesian view/Monetarist View
(f) In the long run, Q is determined independently of the level of aggregate demand, such that any rise in MV will ultimately simply lead to a rise in prices. Keynesian view/Monetarist View