4, As explained in the text, economists commonly make an aggregation assumption that supposes there are only

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4, As explained in the text, economists commonly make an aggregation assumption that supposes there are only two forms in which to hold wealth: money and nonmonetary assets. The demand for money depends positively on the level of real income. How is the demand for nonmonetary assets affected by the level of income? Explain.

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Macroeconomics Plus Myeconlab With Pearson Global Edition

ISBN: 377221

9th Canadian Edition

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

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