Question
An increase in money demand (shifting the money demand function) will reduce the equilibrium amount of investment, according to the IS-LM model, but will have
An increase in money demand (shifting the money demand function) will reduce the equilibrium amount of investment, according to the IS-LM model, but will have no effect on investment, according to the classical model. (5 marks)
(need some graphs and data to prove this. Thank you
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
