Question
Consider the following equations describing real money demand: M/P=Y(2-0.5i) So, if output (Y) in the economy is 820 million USD, National bank decide to print
Consider the following equations describing real money demand:
M/P=Y(2-0.5i)
So, if output (Y) in the economy is 820 million USD, National bank decide to print (M) 200 million USD and price level (P) is 5, what is equilibrium level of interest rate in the economy?
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
