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johnpaul92 johnpaul92
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8 years ago
If the nominal money supply grows 6%, real income rises 2%, and the inflation rate is 5%, then the income elasticity of money demand is
A) 0.75.
B) 0.5.
C) 1.5.
D) 1.0.
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Macroeconomics

Macroeconomics


Edition: 8th
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supamansupaman
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johnpaul92 Author
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#2
8 years ago
Appreciate your help, thank you again
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