Question
(Advanced analysis) Assume the equation for the total demand for money is L = 0.4 Y + 80 4 i , where L is the
(Advanced analysis) Assume the equation for the total demand for money isL= 0.4Y+ 80 4i, whereLis the amount of money demanded,Yis gross domestic product, andiis the interest rate. If gross domestic product is $250 and the interest rate is 9 percent, what amount of money will society want to hold?
Multiple Choice
- 168.
- 250.
- 180.
- 144.
- 125.
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Foundations of Mathematical Economics
Authors: Michael Carter
1st edition
262531925, 978-0262531924
