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johnpaul92 johnpaul92
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9 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 = 5000, P = 2.0, and π to power of ((e)) = .03. If Y were to increase from 4000 to 5000, then the real interest rate would increase by how many percentage points?
A) 2
B) 4
C) 7
D) 5
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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9 years ago
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johnpaul92 Author
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#2
9 years ago
Appreciate your help, thank you again
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#3
9 years ago
Glad to be part of your success Wink Face
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