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In addition to the shock to the money multiplier as in Question 15, we experience two more shocks that influence the money demand curve: The

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In addition to the shock to the money multiplier as in Question 15, we experience two more shocks that influence the money demand curve: The new, money demand curve is now equal to: Md:1X[500+.5(3400)-200(i)] Explain why we would expect this to happen to the money demand function during the fall of 2008. Be sure to discuss both of the shocks to money demand

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