Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
johnpaul92 johnpaul92
wrote...
Go to Answer
Posts: 2600
Rep: 9 0
8 years ago
Suppose real money demand is
   L = 0.8 Y - 100,000 (r + π to power of ((e))).
If the nominal money supply is 12,000, real output is 15,000, the real interest rate is .02, and the expected inflation rate is .01, then the price level is
A) 3.
B) 1.
C) 4/3.
D) 3/4.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
Read 184 times
3 Replies
Replies
Answer verified by a subject expert
supamansupaman
wrote...
#1
Top Poster
Posts: 2219
Rep: 49 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

johnpaul92 Author
wrote...
#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
wrote...
#3
8 years ago
Take care for now
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1237 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 355
  
 129
  
 323
Your Opinion
Previous poll results: Do you believe in global warming?