Question
The demand for money is given by Md = $Y (0.3 - i), where nominal income $Y = 100 and the supply of money is
The demand for money is given by Md = $Y (0.3 - i), where nominal income $Y = 100 and the supply of money is $30. If the central bank sets the targeted interest rate at 10%, what is the new money supply? a. $20 b. $25 c. $15 d. $35
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
