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The Introduction of Automatic Teller Machines, Which Reduces the Demand

Question 120

Multiple Choice

The introduction of automatic teller machines, which reduces the demand for money, will, according to the Mundell-Fleming model with floating exchange rates, lead to:


A) no change in income and net exports.
B) no change in income but a rise in net exports.
C) a rise in income but no change in net exports.
D) a rise in both income and net exports.

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