Bond holdings and interest income are zero for the whole economy.
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Q11: The market clearing approach assumes that:
A)people are
Q12: The goods market the price, P, is:
A)the
Q13: Money in the model of this chapter
Q14: If a household has ¥2,000 in money
Q15: The market clearing approach assumes that:
A)people are
Q17: In the model of this chapter the
Q18: The market clearing approach assumes that:
A)people are
Q19: If the nominal wage rate is £10
Q20: One unit of money in the model
Q21: According to the household nominal budget constraint,
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