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Suppose you have the following information: Nominal M s = 30, P = 1.00 and real M d = .1Y - 10R Derive the economy's
Suppose you have the following information:
Nominal Ms= 30, P = 1.00 and real Md= .1Y - 10R
Derive the economy's real LM curve. Explain why the real LM curve depends on the nominal interest rate, R, not the real rate of interest
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