Suppose the real money demand function is M^d/P = 2400 + 0.2Y - 10,000 (r + π^e) .
Assume M = 4000,P = 2.0,π^e = .03,and Y = 5000.The real interest rate that clears the asset market is

Question

Suppose the real money demand function is M^d/P = 2400 + 0.2Y - 10,000 (r + π^e). Assume M = 4000,P = 2.0,π^e = .03,and Y = 5000.The real interest rate that clears the asset market is

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The Answer of Suppose the real money demand function is M^d/P = 2400 + 0.2Y - 10,000 (r + π^e). Assume M = 4000,P = 2.0,π^e = .03,and Y = 5000.The real interest rate that clears the asset market is

Suppose the Real Money Demand Function Is Md/P = 2400

Suppose the Real Money Demand Function Is M^d/P = 2400