Assume that money demand is given by (M / P)^d = 0.5Y - 100r, and (M / P)^s equals 800.
a.Write the LM curve two ways, expressing Y as a function of r and r as a function of Y.

Question

Assume that money demand is given by (M / P)^d = 0.5Y - 100r, and (M / P)^s equals 800. a.Write the LM curve two ways, expressing Y as a function of r and r as a function of Y.

Quizplus · Accepted Answer

The Answer of Assume that money demand is given by (M / P)^d = 0.5Y - 100r, and (M / P)^s equals 800. a.Write the LM curve two ways, expressing Y as a function of r and r as a function of Y.

Assume That Money Demand Is Given by (M / P)d

Assume That Money Demand Is Given by (M / P)^d