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The introduction of ATMs, credit cards and e-wallets have reduced the demand for money at any given level of income and interest rate. Using AS-AD

The introduction of ATMs, credit cards and e-wallets have reduced the demand for money at any given level of income and interest rate. Using AS-AD and IS-LM framework:

a) Show how this evolution in the money market has impacted the output, prices and interest rate in the economy in the short-run. Illustrate using a diagram.

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