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johnpaul92 johnpaul92
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Posts: 2600
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8 years ago
If the nominal money supply grows 10%, the inflation rate is 6%, and the income elasticity of money demand is 1.0, then real income growth equals
A) 2%.
B) 1%.
C) 4%.
D) 3%.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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#1
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8 years ago
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johnpaul92 Author
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#2
8 years ago
This answers my question, thank you so much
wrote...
#3
8 years ago
Every little bit helps, right? Glad I solved your question
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