(a) In the above figure, is the liquidity effect larger than the other three effects, namely the...
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![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667946266fb87_84666794626577d7.jpg)
(a) In the above figure, is the liquidity effect larger than the other three effects, namely the income, price-level and expected-inflation effects?
(b) Explain your answer in (a) by describing how money demand or supply moves after each effect.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66794626df10f_84666794626c8667.jpg)
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