4. For constant output, if the real money supply exceeds the real quantity of money demanded, what...

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4. For constant output, if the real money supply exceeds the real quantity of money demanded, what will happen to the real interest rate that clears the asset market? In describing the adjustment of the real interest rate, use the relationship that exists between the price of a nonmonetary

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Macroeconomics

ISBN: 126164

8th Edition

Authors: Andrew B. Abel, Ben Bernanke, Dean Croushore

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