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johnpaul92 johnpaul92
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8 years ago
A classical economy is described by the equations
AD: Y = 1000 + 100M/P
AS: overbar(Y) = 1500
The real exchange rate is 3 bushels/bottle, the domestic nominal money supply is 30 florins, and the foreign price level is 8 crowns/bushel.
(a)   What is the nominal exchange rate?
(b)   If the government wants to maintain an official nominal exchange rate of 6 crowns/florin, what must the nominal money supply be?
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Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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johnpaul92 Author
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#2
8 years ago
This answers my question, thank you so much
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#3
8 years ago
Take care for now
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4 years ago
Thank you
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Thanks
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THANKYOU
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Thank you
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