Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: johnpaul92 on Jan 30, 2016



Title: If the nominal money supply grows 5%, real income falls 2%, and the income elasticity of money deman
Post by: johnpaul92 on Jan 30, 2016
If the nominal money supply grows 5%, real income falls 2%, and the income elasticity of money demand is 0.8, then the inflation rate is
A) 3.0%.
B) 7.0%.
C) 3.4%.
D) 6.6%.


Title: Re: If the nominal money supply grows 5%, real income falls 2%, and the income elasticity of money d
Post by: supaman on Feb 4, 2016
Content hidden


Title: Re: If the nominal money supply grows 5%, real income falls 2%, and the income elasticity of money deman
Post by: johnpaul92 on Feb 13, 2016
This is incredible, wasn't expecting anyone to answer this one


Title: Re: If the nominal money supply grows 5%, real income falls 2%, and the income elasticity of money deman
Post by: supaman on Feb 14, 2016
Every little bit helps, right? Glad I solved your question