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Suppose there is an increase in real incomes. Other things remaining the same, which of the following is true? a. The new equilibrium level of
Suppose there is an increase in real incomes. Other things remaining the same, which of the following is true? a. The new equilibrium level of real money balances will be equal to 175. b. The marginal cost line will move from MC1 to MC2. c. The marginal benefit line will move from MB1 to MB2. d. The new equilibrium level of real money balances will be equal to 75
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