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johnpaul92 johnpaul92
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8 years ago
If the nominal money supply grows 5%, real income falls 2%, and the income elasticity of money demand is 0.8, then the inflation rate is
A) 3.0%.
B) 7.0%.
C) 3.4%.
D) 6.6%.
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
wrote...
#3
8 years ago
Every little bit helps, right? Glad I solved your question
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