Question
Plot a baseline Market for Real Money Balances and LM curve.Now, consider an online shopping boom and everyone is doing theirshopping online rather than in
Plot a baseline Market for Real Money Balances and LM curve.Now, consider an online shopping boom and everyone is doing theirshopping online rather than in store (assume their consumptionlevels stay the same). show its effect on equilibrium incomeand interest rate with the full IS-LM model. (Here you should graphthe Market for Real Money Balances, the Keynesian Cross, and theIS-LM curves.)
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
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