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Money 'M and nonmonetary assets 'NVM are the only assets available in financial markets. At a nominal interest rate of 5%, the total demand for
Money 'M and nonmonetary assets 'NVM are the only assets available in financial markets. At a nominal interest rate of 5%, the total demand for money 'M"'is equal to $2,000 the supply of money 'M is equal to $2,000 and the supply of nonmonetary assets 'NM is are equal to $8,000 Calculate the demand for nonmonetary assets at the nominal interest rate of 5%. NM = $
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