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 asset and the interest rate that it pays.
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Macroeconomics Value Edition
ISBN: 978-0136114895
7th Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
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