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johnpaul92 johnpaul92
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Posts: 2600
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8 years ago
If real income rises 4%, prices rise 1%, and nominal money demand rises 4%, what is the income elasticity of real money demand?
A) 5/6
B) 3/4
C) 1
D) 4/5
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 is incredible, wasn't expecting anyone to answer this one
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