*13In Minland in problem 7, a new smart card replaces currency and the demand for money changes....
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*13In Minland in problem 7, a new smart card replaces currency and the demand for money changes. Also, the new smart card causes business to boom and real GDP increases. a Modify the numbers in the spreadsheet by making up your own numbers that are consistent with the events just described. b Draw the demand for money curve and supply of money curve that describe the initial situation and the situation based on your numbers. c What would have to happen to the supply of money in Minland if the interest rate was to remain constant through these events?
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