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Calculate the money demanded in equilibrium, assuming an interest rate of 1%, an equilibrium income of 1,000 and a money demand function of M=Y-0.001i; where
Calculate the money demanded in equilibrium, assuming an interest rate of 1%, an equilibrium income of 1,000 and a money demand function of M=Y-0.001i; where M is the money demand, Y is the national income and i is the interest rate, expressed in percentage terms. Show all your calculations
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
