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Figure 4-1 -Employing Figure Above, If Y Increases by 3000 and the 3000

Question 1

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Figure 4-1 Figure 4-1 -Employing Figure above, if Y increases by 3000 and the interest rate is fixed at 5% then the sensitivity of real money balances to changes in real income is A) 0.67. B) 0.33. C) -0.67. D) -0.33.
-Employing Figure above, if Y increases by 3000 and the interest rate is fixed at 5% then the sensitivity of real money balances to changes in real income is


A) 0.67.
B) 0.33.
C) -0.67.
D) -0.33.

Correct Answer:

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