Question
https://www.coursehero.com/u/file/21186789/Econ-2123-Problem-Set-1-S17-solution/?justUnlocked=1#question In question 8b), where they ask you to derive the LM relation. I understand that you let the supply of money equal the demand
https://www.coursehero.com/u/file/21186789/Econ-2123-Problem-Set-1-S17-solution/?justUnlocked=1#question
In question 8b), where they ask you to derive the LM relation. I understand that you let the supply of money equal the demand for money (equilibrium), but why is M / P in this answer equal to 1600? I don't understand and would like further clarification. Thanks
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
