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smitch6 smitch6
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6 years ago
The observed correlation between the price level and real GDP may be low because
A) consumption is procyclical.
B) the central bank acts to target the price level.
C) money demand does not depend on income.
D) money demand increases when the nominal interest rate rises.
E) Milton Friedman has passed away.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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Blade73Blade73
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#1
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6 years ago
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smitch6 Author
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6 years ago
Thanks for your help!!
jamesbove
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Yesterday
Thanks
fgarza2146
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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