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The change in total planned real expenditures resulting from a change in the real value of money balances when the price level changes, all other
The change in total planned real expenditures resulting from a change in the real value of money balances when the price level changes, all other things held constant, is A. the real-balance effect. B. demand side inflation. c. the open economy effect. D. the interest rate effect
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
