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Using separate graphs, demonstrate (explain in words + graphs) what happens to the money supply, money demand, the value of money, and the price level
Using separate graphs, demonstrate (explain in words + graphs) what happens to the money supply, money demand, the value of money, and the price level if:
a. the Bank of Canada increases the money supply.
b. people decide to demand less money at each value of money.
(hint: use the money market model in the long run)
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