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A standard money demand function used by macroeconomists has the form In(m) = Bo + B,In(GDP) + B2R, Where m is the quantity of (real)

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A standard "money demand" function used by macroeconomists has the form In(m) = Bo + B,In(GDP) + B2R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that B1 = 4.34 and B2 = -0.07. What is the expected change in m if GDP increases by 10%? The value of m is expected to increase by approximately 43.3 %. (Round your response to the nearest integer) What is the expected change in m if the interest rate increases from 3% to 9%? The value of m is expected to by approximately %. (Round your response to the nearest integer)

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