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M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961 Exercise 1
In the liquidity-preference framework, suppose that the Fed changes the money supply to keep the nominal interest rate unchanged whenever the demand for money shifts. Show what happens to the quantity of money and the nominal interest rate if the money-demand curve shifts to the right
Explanation
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Under the liquidity preference framework...
M&B3 3rd Edition by Dean Croushore
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