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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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9 years ago
Suppose that households became mistrustful of the banking system and decide to decrease their checking accounts and increase their holdings of currency. Using the money demand and money supply model and assuming everything else is held constant, the equilibrium interest rate should
A) increase.
B) decrease.
C) not change.
D) increase, then decrease.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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9 years ago
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Tidy Author
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9 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
gage
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Yesterday
Helped a lot
Holly72492
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2 hours ago
Thanks
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