Question
A.04Yssume the equation for the total demand for money is L=0.4Y+80-4i where L is the amount of money demanded, Y is the GDP, and i
A.04Yssume the equation for the total demand for money is L=0.4Y+80-4i where L is the amount of money demanded, Y is the GDP, and i is the interest rate.
If GDP is $350 and the interest rate is 7%, what amount of money will society want to hold?
175
192
350
216
220
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International Marketing
Authors: Philip R Cateora
13th Edition
0073080063, 9780073080062
