Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
johnpaul92 johnpaul92
wrote...
Posts: 2600
Rep: 9 0
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:
Read 154 times
3 Replies
Replies
Answer verified by a subject expert
supamansupaman
wrote...
Top Poster
Posts: 2219
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...
8 years ago
This is incredible, wasn't expecting anyone to answer this one
wrote...
8 years ago
Every little bit helps, right? Glad I solved your question
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1075 People Browsing
Related Images
  
 317
  
 658
  
 788
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 387