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johnpaul92 johnpaul92
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Posts: 2600
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8 years ago
Suppose the real money demand function is
   M to power of ((d))/P = 2400 + 0.2 Y - 10,000 (r + π to power of ((e))).
Assume M = 4000, P = 2.0, π to power of ((e)) = .03, and Y = 5000. The real interest rate that clears the asset market is
A) 3%.
B) 14%.
C) 6%.
D) 11%.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
8 years ago
Glad to be part of your success Wink Face
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