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1. Consider MS/P L(R,Y), i.e., the real money demand the real money supply. In three cases below, answer how MS/P L would change: Increase, Decrease,

1. Consider MS/P L(R,Y), i.e., the real money demand the real money supply. In three cases below, answer how MS/P L would change: Increase, Decrease, No change, or N 0 clear prediction. Interest rate R fell: Real output Y rose? Price P rose

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